Amzn

Amzn

The giant Amazon has released its financial results on Tuesday the third quarter ended September 30 and net income is 73% lower than that reported in the third quarter of 2010.

A profit of $ 0.14 per share was announced, equivalent to a net profit of USD 63 million, down sharply on the 231 million recorded in the same period the previous fiscal year.

Turnover totaled 10.88 billion to USD, up sharply, however, about 7.56 billion recorded in the corresponding period last year.

Amazon, however, misses the expectations of analysts, who expected earnings per share of $ 0.25 on revenues of 10.91 billion USD.

For the next quarter, expectations in terms of revenues between 16.45 and 18.65 billion USD.

The share price (AMZN-Q) tumbles 11.52% to $ 200.98 in US electronic transactions before the opening of stock exchanges on Wednesday morning.

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