A closer look at “Amazon Stock Drops 9% on Q3 Earnings Miss Amid Big Tech Selloff”, exactly as the source publishes it. Amazon shares plunged as much as 9% in after-hours trading Thursday after the e-commerce and cloud giant reported third-quarter earnings that fell short of Wall Street expectations. Diluted earnings per share came in at $1.89, down from $1.95 a year earlier, while total revenue rose 12% to $201.9 bi Diluted earnings per share came in at $1.89, down from $1.95 a year earlier, while total revenue rose 12% to $201.9 billion.
Analysts had anticipated stronger results, making the miss a key driver of the stock decline. The drop extends a broader rout in Big Tech stocks, as investors reassess valuations amid rising interest rates and slowing growth. Amazon's cloud division, Amazon Web Services, and its advertising business are closely watched for signs of resilience, but the overall earnings shortfall overshadowed segment performance. This listing links straight to the original page, where the content is available in full.