Amazon reported its third quarter revenue of $127.1 billion. slightly less than $127.5 according to the analysts
Amazon's net income drop down to $2.9 billion, or $0.28 per share, down about 9% from one year earlier
Amazon's share plunged more than 18% to its less than $90 in just one hour of trading, It happened after the announcement
Stock level of Amazon comes down to nearly 50% for the year, far worse than the tech-heavy Nasdaq's 32% decline
CEO of Amazon Andy Jassy said uncertain economic situation forced the company cost cut to fulfillment network
He also mentioned that Company will make about $144 billion in sales this quarter, analysts are expecting $155 billion
Amazon Web Services segment grew 28% in the quarter, expectation growth was more than 30%
Amazone founder Jeff Bezos net worth was $134.8 billion when market closed on Thursday
His highest net worth in last year was more than $188 billion, but one point worth was more than $200 billion
Amazon's CFO Brian Olsavsky: We are taking actions to tighten our belt, paused hiring, wind down some products and services