Its operating profit forecast of between $2.1 billion and $3.6 billion also came in below consensus estimates.
While US economic growth kept apace despite trade wars, the same can not be said of USA corporate profit growth, as a slew of disappointing forecasts this earnings season showed how tariffs, rising wages and borrowing costs as well as jitters over geopolitical events are hurting companies.
Despite the lower-than-expected revenue Amazon's finance chief Brian Olsavsky said on a call with reporters Thursday: "We feel it's a really strong quarter".
Garrett defends trading first-rounder for Cooper
The previous two deals, for the Seahawks' Joey Galloway and the Lions' Roy Williams , are two of the worst in franchise history. Veteran Brice Butler , who was signed September 18, was released Monday to make room for Cooper on the roster.
Liverpool squad voted for captain in absence of Henderson and Milner
Liverpool ran out 4-0 winners against Red Star Belgrade in their Champions League group C tie, seeing them lead the group on six points.
Ruben Loftus-Cheek happy with competition at Maurizio Sarri's Chelsea
Many feel that Patrice Evra is going to be appointed as the next director of football at Manchester United . "He's improving. It's very hard to solve the tactical problem without an improvement in the defensive phase of these three midfielders.
Our earlier story this week predicted Amazon's shares would begin to enter a bear market by falling 21% off their high, but Amazons' outlook has significantly deteriorated since then. Additionally, analysts have slashed their earnings outlook for the fourth quarter by 9% to $5.35 per share. In the third quarter past year, Amazon pulled in $43.7 billion in sales. The Street wanted to hear $73.79 billion, but Amazon forecast between $66.5 billion and $72.5 billion.
"AMZN posted generally positive Q3 results-In-line Revenue with the highest Gross Margin we have seen in any third quarter & record high Operating Margin", a team led by the RBC analyst Mark Mahaney said in a note sent out to clients after the results.
Amazon's employee base is up 13 percent over a year ago. This is pretty impressive considering Amazon's primary North American retail segment pulled in over $34 billion in sales yet AWS booked just shy of $6.7 billion! A big reason behind that was the absorption of Whole Foods Market and the 87,000 people who work there.
The company now groups its advertising group under "other" on its balance sheet.
That's a 21 percent increase compared to the same time previous year. Its "other" revenue, which largely comprises advertising sales, jumped 122% to $2.5 billion.
Amazon's stock closed regular trading up $US117.97 a share, or 7.1%, to $US1,782.17.