Amazon Set For Tough Day

Amazon reported standout third-quarter earnings Thursday, but revenue and revenue guidance disappointed. Shares were set to open down almost 9% on Friday. The e-commerce giant delivered standout third-quarter earnings of $5.75 a share on Thursday, easily beating the $3.11 that analysts surveyed by Bloomberg had forecast. Its revenue of $56.6 billion, however, missed the $57.1 billion that was expected, and its fourth-quarter revenue guidance of $66.5 billion to $72.5 billion also fell short.