Amazon fell short of Wall Street analysts’ estimates in the third quarter — the first with CEO Andy Jassy at the helm — amid a slowdown relative to the pandemic boom of 2020.Net income fell nearly in half compared with the year-earlier period, hitting $3.2 billion, or $6.12 per diluted share.
Analysts had expected $8.92. Total revenue gained 15% to $110.8 billion, but the uptick was below those of typical quarters due to the pandemic comparisons.Jassy, a longtime senior executive at the tech giant, took over for founder Jeff Bezos on July 5.
Bezos remains onboard as executive chairman.In the company’s earnings release, the new CEO warned that the current quarter and near-term periods could also see “several billion dollars of additional
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