Amazon and Sandisk Shares Drop as ExxonMobil, Chevron Post Stronger Results
Photo: TokenPost
Amazon (AMZN) and Sandisk (SNDK) shares fell in early U.S. trading Friday, while ExxonMobil (XOM) and Chevron (CVX) posted stronger third-quarter results with help from higher refined-product margins. Amazon shares lost 7.49% during the early session. Revenue missed consensus estimates in both North America and international markets, while Amazon Web Services (AWS) growth accelerated and exceeded expectations. The results add earnings detail to an earlier report on Amazon's premarket share decline . Futures on U.S. stock indexes also fell sharply, with Nasdaq contracts leading losses after weak results and outlooks from Amazon and Intel weighed on technology shares.
Source: TokenPost
