Amazon’s stock price saw a significant drop on Monday, with shares falling by more than 5% in intraday trading. The decline came after the company reported weaker-than-expected earnings for the third quarter. Despite strong revenue growth, Amazon’s earnings per share missed analysts’ estimates, leading to concerns about the company’s profitability. The e-commerce giant also issued a cautious outlook for the holiday quarter, citing supply chain disruptions and increased costs. The stock’s decline weighed heavily on the broader market, with the S&P 500 and Nasdaq Composite both falling by more than 1%.
