Both Amazon and Alphabet reported their third quarter financial results this afternoon. Amazon's net income for the period was $2.8 billion, up from last year's Q3 by a factor of 10. Additionally, the earnings per share figure of $5.75 crushed Wall Street forecasts calling for third quarter earnings of $3.14 a share. Normally, both pieces of news should have resulted in frenzied buying of the stock. Instead, sellers took charge after the report was disseminated.
Instead of the Q3 profits, investors focused on other things. The creator of virtual assistant Alexa ...
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