Amazon’s Q3 2022 revenue increased 14.7% year over year to $127.1 billion, nearly in line with estimates of about $127.46 billion.  Meanwhile, operating income missed expectations and dropped 48% from a year ago. These misses come despite a strong Prime Day globally in July. Exhibit 1: Amazon Q3 2022 Earnings and Revenue Estimates vs. Results Source: Refinitiv I/B/E/S Amazon’s global exposure is also being hit by macroeconomic issues as rising inflation continues to diminish the consumer’s purchasing power. “Primarily in the consumer stores business, it was in international. North America, obviously, it was strong, but it started to slow a

Out of 174 S&P 500 companies, 69% reported earnings above expectations for the week of Oct. 24, 2016.