Amazon stock drops on earnings miss

www.cnbc.com/2019/10/24/amazon-earnings-q3-2019.html

EPS: $4.23 vs. $4.62, according to analysts surveyed by Refinitiv

Revenue: $69.9 billion vs. $68.8 billion, according to analysts surveyed by Refinitiv

AWS: $9 billion vs. $9.1 billion, according to analysts surveyed by FactSet

Amazon also gave soft fourth-quarter revenue guidance in the range of $80.0 billion and $86.5 billion, far below the street’s average estimate of $87.4 billion, indicating the all-important holiday shopping season may be underwhelming.