Amazon.com Inc. (NASDAQ:AMZN) shares are trending on Friday.

Q3 Earnings Miss

Shares of the technology company fell 7.30% to $225.99 in premarket trading on Friday after its third-quarter results missed analyst estimates for both earnings and revenue.

Amazon announced its results on Thursday for the period ended Sept. 30.

Revenue came in at $201.94 billion, falling short of the $202.22 billion estimate by 0.14%.

Earnings per share came in at $1.89, missing the $1.97 estimate by 4.06%.

Despite the earnings miss, Amazon’s cloud business showed strong growth, with AWS revenue rising more than 39%, its fastest pace in five years. However, analysts also pointed to weakness in other parts of the business.

Trading Metrics, Technical Analysis

Amazon has a market capitalization of about $2.63 trillion. Over the past 52 weeks, its stock has traded as high as $287.16 and as low as $196.00.

The Relative Strength Index (RSI) of AMZN stands at 40.72.

The stock has gained 9.39% over the past 12 months.

Price Action: In the regular session, the stock closed at $243.79, down 4.25%, according to Benzinga Pro data.

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Photo courtesy: Markus Mainka via Shutterstock

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.