First look: Amazon stock slides after projections for 3Q revenue

Amazon’s earnings, released after the market close Thursday, were notable on several key points. Among them:

Wall Street’s reaction was decidedly negative. At about 4:40 p.m. EDT, Amazon (NASDAQ: AMZN) stock was down about 4.4%, to $175.94. It had been down 1.56% on the day to $184.07. The decrease occurred even though its earnings per share under GAAP measurements of $1.26 beat consensus forecasts by 23 cts/share, according to SeekingAlpha.
The negative stock market reaction was reported to be...