{
  "id": 17136447,
  "title": "Amazon slides on light Q4 sales estimates, high cash burn",
  "url": "https://urgent.news/2026/10/29/amazon-slides-on-light-q4-sales-estimates-high-cash-burn",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-29T22:21:13.000Z",
  "source": {
    "name": "The Business Times - Companies & Markets",
    "slug": "the-business-times-companies-markets",
    "url": "https://www.businesstimes.com.sg/companies-markets/amazon-slides-light-q4-sales-estimates-high-cash-burn"
  },
  "original_language": "en",
  "account": "Amazon reported a disappointing third quarter on Thursday, with shares falling nearly 7% in extended trading. The Seattle-based company forecast holiday-quarter revenue significantly below Wall Street estimates. Investors were unhappy, driving shares down 4.3% in regular trading to $243.79. The firm expects revenue between $240 billion and $247 billion in Q4, while analysts anticipate $244.51 billion. Amazon burned $42.4 billion over the trailing 12-month period, driven by $77.26 billion in capital expenditure, which exceeded estimates by $20 billion. CEO Andy Jassy attributed the weak performance to a heavy focus on AI development, with AWS forecasting $220 billion in capital expenditures for 2026. He reassured investors that the company's strategy was working and expected capital spending to increase further in 2027.",
  "summary": "It has burned roughly US$20 billion above estimates on a trailing 12-month basis in the September quarter",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Straits Times Business",
        "title": "Amazon slides on light Q4 sales estimates, high cash burn",
        "url": "https://urgent.news/2026/10/29/amazon-slides-on-light-q4-sales-estimates-high-cash-burn-17145438",
        "published": "2026-10-29T23:36:00.000Z"
      }
    ]
  },
  "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."
}