Amazon stock continues to drop following recent earnings miss

Amazon stock price has been down for most of the past year and now it is down even further after reporting an earnings miss.  The recent quarter earning miss for Amazon marks its least profitable holiday season earnings since 2013. As a result, the company reported its worst annual loss to date.   


We saw a big shift in Amazon’s earnings, the company reported a profit of $278 million which is approximately 3 cents a share, compared to its $1.39 per share earnings a year ago. This is a huge shift and investors are paying attention, this might have led to the recent selloff of Amazon stock.


However, Amazon’s revenue increased from $137.41 billion a year ago to $149.2 billion.


The share fell 5 percent after-hours and it's gone down even further since then. Amazon stock is selling for $100 per share, down 9.19 percent from its 110.15 per share price just 5 days ago.  Amazon Web Services reported 20% sales growth, Advertising: $11.56 billion. Amazon lost over 50% value last year and it may be on its way to a break out if things get back to normal for the e-commerce company.

Quarterly financials
(USD)Sep 2022Y/Y
Net income2.87B
Diluted EPS0.28
Net profit margin2.26%
Operating income2.52B
Net change in cash-2.52B
Cash on hand--
Cost of revenue70.27B11.66%
Will Amazon find a way to cut expenses and lay off more employees? This quarter number may mean that the company must make some changes. 

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