Business
Amazon stock falls after modest AWS results and weak ad growth
Amazon's third-quarter earnings showed modest AWS results and weak advertising growth, disappointing Wall Street.
Photo: Kidfly182 / CC BY-SA 4.0, via Wikimedia Commons
Amazon reported its third-quarter earnings with modest results from its Amazon Web Services (AWS) division.
The company's advertising growth was weaker than expected, contributing to investor disappointment.
As a result, Amazon's stock price declined following the earnings announcement.
Despite a bold forecast for its cloud business, the overall performance did not meet Wall Street's expectations.
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