Amazon.com (NASDAQ: AMZN) may be pulling a Netflix, as the stock is down sharply after hours. Kindle sales for the company were up. On September 28th, the company services its largest order ever of Kindles, even higher than the last holiday peak. There are 4 versions of the kindle set for release this holiday season. Touch screen and full-colour will be equipped on the new versions.
The company reported its Q3 results after the bell today. They guided down for Q4 which sent the stock crashing down. Operating cash flow increased 19% to $3.11 billion for the trailing 12 months, but free cash flow decreased 17% for the same 12 month period comparison. Estimates for Q4 came between $16.4 billion and $18.6 billion., though profit margins contracted. The street did not expect anything lower that $18 billion for Q4 guidance, which is likely why the stock is down so much after hours.
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