Why Is Amazon Stock Falling? Is The Sell-Off Overdone?

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Revenue was in line with estimates coming in at $127 billion versus the $127.5 billion projected by analysts.Net income declined to $2.8 billion versus $3.1 billion in the previous quarter.Earnings came in at 28 cents per share.Amazon.com Inc. (NASDAQ:AMZN) came in better than expected for the third quarter. However, Amazon’s stock fell 13% during market hours as the company warned that the outlook for both the retail operations and AWS will be weaker than previously forecasted for the fourth quarter. Q3 2022 hedge fund letters, conferences and more Find A Qualified Financial AdvisorEach advis…

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