{
  "id": 17121152,
  "title": "Amazon slides on light fourth-quarter sales estimates, cash burn",
  "url": "https://urgent.news/2026/10/29/amazon-slides-on-light-fourth-quarter-sales-estimates-cash-burn",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-29T20:08:53.000Z",
  "source": {
    "name": "CNA - Business",
    "slug": "cna-business",
    "url": "https://www.channelnewsasia.com/business/amazon-slides-light-fourth-quarter-sales-estimates-cash-burn-6504886"
  },
  "original_language": "en",
  "account": "Amazon reported a significant cash burn of $42.4 billion in the third quarter, driven by capital expenditure of $77.26 billion that exceeded expectations by $20 billion. The company's revenue forecast for the fourth quarter was below Wall Street estimates, with projections of $240.0 billion to $247.0 billion, compared to the average estimate of $244.51 billion. This led to a decline in the company's shares, with investors selling off about 5% in extended trading, bringing the price down to $243.79. Amazon's cash burn in the prior quarter was $7.6 billion, while it generated $14.8 billion in revenue during the same period. The cloud business, Amazon Web Services, reported a 39% rise in revenue to $46 billion in the third quarter, surpassing expectations of a 38.2% increase to $45.61 billion. Despite the disappointing fourth-quarter outlook, the company has maintained its annual capital spending forecast of around $220 billion.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}