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Amazon’s earning shocker is set to wipe over $50 billion from its market cap

October 25, 2019

Amazon had a shocker in its latest earnings report, and now it’s set to lose $53.7 billion off its market cap.

The tech giant slid 5.6% in pre-market trading, after missing Wall Street estimates in its third-quarter earnings, in terms of earnings per share ($4.23 compared to the expected $4.62.)

If trading opens at the same level, Amazon will fall from $880.3 billion to $827.1 billion in terms of its market cap.

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