Amazon.com Inc. (Nasdaq: AMZN) posted higher third quarter earnings of 27 cents per share compared with 19 cents per share to beat estimates, but the online retailer offered revenue targets for the rest of the year that fell short of analysts' expectations. Shares of the online retailer plunged $3.20 to $46.79.
Amazon's Outlook Disappoints
October 23, 2008 at 13:42 PM EDT