Amazon’s third-quarter results included revenue that was slightly below analysts’ estimates and another sharp drop in operating income. Growth in the company’s subscription service revenue fell into single-digit territory for the first time ever. Amazon is the latest tech giant to disappoint Wall Street on Thursday, and to pay a heavy price for doing so. The company’s third quarter results included a steep drop in its operating income, the latter down 48% year-over-year. Amazon’s quarterly results included revenues that were slightly below expectations and operating income was down 48 percent year-on-year, the WSJ says. The WSJ adds insult to injury, and growth in its streaming service revenue is down to single digits for first time in a decade. . . .
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