At the close on Friday, Amazon shares fell 2.15% to $3372.43. Amazon previously released its third quarter financial report for fiscal 2021.The report shows that Amazon’s third-quarter net sales were US$110.12 billion, an increase of 15% compared to US$96.145 billion in the same period last year. Excluding the impact of exchange rate changes, it also increased by 15% year-on-year; net profit was US$3.156 billion. The net profit for the same period last year was US$6.331 billion, down 50%.
Amazon’s third-quarter revenue and diluted earnings per share did not meet Wall Street analysts’ previous expectations, and the outlook for fourth-quarter revenue was less than expected, resulting in a sharp drop of nearly 4% in its after-market share price.
