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Benzinga
Benzinga
Business
Lisa Levin

Amazon To $160? These Analysts Cut Price Targets On Amazon After Q3 Results

Amazon Baird Barclays B of A Securities Citigroup Credit Suisse Deutsche Bank JMP Securities JP Morgan Mizuho

Amazon.com, Inc. (NASDAQ:AMZN) reported upbeat earnings for its third quarter, while sales missed estimates. The company also issued weak sales forecast for the fourth quarter.

Amazon reported third-quarter revenue of $127.1 billion, an increase of 15% year-over-year. The total came in shy of a Street estimate of $127.84 billion. The company reported earnings per share of 28 cents in the third quarter, beating a Street estimate of 22 cents per share.

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