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Amazon gives Wall Street mixed financial picture in earnings report

E-commerce company posts high cloud computing sales but gives a cautious sales forecast for the fourth quarter

Amazon offered a mixed picture of its financial health on Thursday in its quarterly earnings report.

The e-commerce company gave a cautious sales forecast for the current fourth quarter, which encompasses the critical holiday shopping period, after delivering fiscal third-quarter results that came in below Wall Street analysts’ expectations.

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© Photograph: Charles-McClintock Wilson/NurPhoto/Shutterstock

© Photograph: Charles-McClintock Wilson/NurPhoto/Shutterstock

© Photograph: Charles-McClintock Wilson/NurPhoto/Shutterstock

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Big Tech’s Data Center Blitz Is Burning Through Cash and Scaring Wall St.

Amazon became the latest tech company to announce swelling investments in A.I. amid stumbling share prices.

© Nathan Howard for The New York Times

Amazon is spending heavily on new data centers to operate with this one in Ashburn, Va.
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