Amazon Shares Fell by nearly 9%.Business | October 25, 2019, Friday // 17:21| views
Amazon said its quarterly earnings fell despite exceeding expectations, leading to a downfall in the tech giant's shares, AFP reported.
Revenue rose 24%, rising to $ 70 billion in the quarter through September 30, compared with $ 56.6 billion in sales recorded in the same period a year earlier, according to the Seattle-based company.
However, net income fell to $ 2.1 billion from nearly $ 3 billion over the same comparative period.
Amazon shares fell by nearly 9%.