Amazon shares slide after its third-quarter earnings release

MarketWatch reports Amazon shares fell after the company released its third-quarter 2026 results on October 29. Net income was $20.7 billion, down from $21.2 billion a year earlier; MarketWatch, citing Amazon, says the 2025 figure benefited primarily from $9.5 billion in pretax gains on its Anthropic investment. Earlier that day, Bloomberg reported that Amazon shares had already lost more than half the gains sparked by its previous earnings report, when cloud revenue accelerated faster than Wall Street expected.