Amazon’s stock is getting hammered after poor earnings report, down 8 percent - GeekWire

publish 2022-05-02,browse 3
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Amazon.com’s stock is getting hammered Friday, down more than 8 percent. Chart shows 5-day trend. Click on chart for real-time results.Amazon.com is hiring like mad, expanding its footprint into a host of new industries.But the growth is coming at a cost, and now Wall Street is reacting to the losses and huge capital expenditures.Share of the Seattle company are down more than eight percent in trading today — following news Thursday that Amazon missed analysts’ expectations. Amazon posted a $437 million during the third quarter, or 95 cents per share. Analysts expected a loss of just 74 cents per share.

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