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%.

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Tags: Amazon, shares, fell, net income


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