Amazon.com (AMZN) this afternoon posted better-than-expected Q3 results, but the shares are trading lower after hours, perhaps on concerns about lower margins.
The company reported revenue of $7.56 billion, up 39% from a year ago, and ahead of the Street at $7.35 billion. Profits were 51 cents a share, three cents ahead of consensus. Net income was up 16% from a year ago, while operating income was up 7%.
Operating margin appears to have dropped about a full point, to 3.5%, from 4.6%.
For Q4, the company sees revenues ranging from $12 billion to $13.3 billion, up 26%-40%, operating income ranging from $360 million to $560 million. (Q3 operating income was $268 million.)
AMZN in late trading is down $8.42, or 5.1%, to $156.55.
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