Amazon shares are down over 5% after the company reported earnings below consensus expectations and sales numbers which were barely in line with forecasts.
The e-commerce giant announced it earned $252 million during Q3, or 52 cents per share, compared with 17 cents per share on revenue of $79 million in the third quarter of 2015. Net sales rose 29% to $32.7 billion, compared with $25.4 billion a year ago.
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However, analysts had expected the company to report earnings of 77 cents per share on sales of $32.69 billion for Q3.
Comments from chart technicians suggest a key price support level of $810.00 followed by the September low of $765.00
