Amazon Shares Plunge After Miss

It's Benzinga, bringing Wall Street to Main Street. Amazon shares fell more than 6% in extended trading Thursday after third quarter earnings and revenue missed Wall Street estimates as artificial intelligence spending weighed on cash flow, according to CNBC. The company reported earnings of $1.89 per share on revenue of $201.94 billion, below expectations of $1.96 per share and $202.31 billion. Capital expenditures more than doubled to $77.3 billion, exceeding estimates of $58.7 billion. Amazon reported negative free cash flow for the second consecutive quarter, with a $42.4 billion outflow over the trailing 12 months. Amazon Web Services revenue rose 39% to $45.98 billion, beating estimates, while advertising and online sales missed expectations. Amazon maintained its $220 billion capital spending forecast for 2026, with CEO Andy Jassy expecting higher spending in 2027. For all things money, visit Benzinga.com.