--- title: "Amazon CEO Andy Jassy Says Investors Are ‘Sleeping a Bit’ on Retail as AMZN Stock Falls 7% in 6 Months" type: "News" locale: "en" url: "https://longbridge.com/en/news/303727408.md" description: "Amazon CEO Andy Jassy stated that investors are underestimating the company's retail business, describing them as 'sleeping a bit' on its progress. Despite shares falling over 7% in six months, Jassy highlighted significant growth in units and gross sales compared to competitors. In Q3, Amazon reported revenue of $201.94 billion and EPS of $1.89, both missing estimates. The company forecasts Q4 revenue between $240 billion and $247 billion." datetime: "2026-10-30T10:03:29.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/303727408.md) - [en](https://longbridge.com/en/news/303727408.md) - [zh-HK](https://longbridge.com/zh-HK/news/303727408.md) generator: "portal-rs" --- # Amazon CEO Andy Jassy Says Investors Are ‘Sleeping a Bit’ on Retail as AMZN Stock Falls 7% in 6 Months **Amazon.com Inc.**‘s (NASDAQ:AMZN) shares have fallen more than 7% over the past six months, and CEO **Andy Jassy** believes the market is underrating the company’s retail business. ## S**ome Folks Are ‘Sleeping a Bit’ on Stores** “I think some folks are sleeping a bit on how much progress that business has made and what it’s become the last few years,” Jassy told analysts on the company’s third-quarter earnings call. At hundreds of billions of dollars in revenue, Amazon is growing at a pace Jassy said he is “not aware” any other retailer matches. Units have grown nearly 15% year over year so far this year, on top of more than 30 billion items sold last year, he added. ## Online Shift Remains Early The retail business has added more than $90 billion in gross sales over the past 12 months, roughly double the quarterly gross sales added by its next large U.S. competitor, Jassy said. It is “growing meaningfully faster than other competitors” and is “consistently taking market segment share,” he added. Nearly 80% of retail still happens in physical stores, a balance the CEO expects to “eventually flip” to e-commerce. **Read Also: SanDisk CEO David Goeckeler Sees ‘Tremendous Pull’ as Customers Lock in Supply and Come Back for More — Pipeline Runs Through 2030** ## Revenue, EPS Miss Estimates in Q3 In the third quarter, the company posted revenue of $201.94 billion, missing the consensus estimate of $202.22 billion, according to Benzinga Pro. The company reported earnings of $1.89 per share for the quarter, missing estimates of $1.97 per share. Amazon expects fourth-quarter revenue to be between $240 billion and $247 billion versus estimates of $244.58 billion. Operating income is expected to be between $28.5 billion and $33.5 billion in the fourth quarter, compared to $25 billion in the comparable quarter last year. **Price Action:** On Thursday, shares closed 4.25% lower at $243.79 and fell 7.12% to $226.42 in premarket trading on Friday. **Benzinga Edge rankings** indicate Amazon’s stock has a Momentum score in the 48th percentile and a Growth score in the 92nd percentile. **See More: Top Value Stocks** ***Disclaimer*:** *This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.* *Photo courtesy: Shutterstock* ### Related Stocks - [AMZN.US](https://longbridge.com/en/quote/AMZN.US.md) - [AMAA.US](https://longbridge.com/en/quote/AMAA.US.md) - [AMZD.US](https://longbridge.com/en/quote/AMZD.US.md) - [AMZG.US](https://longbridge.com/en/quote/AMZG.US.md) - [AMZO.US](https://longbridge.com/en/quote/AMZO.US.md) - [AMZP.US](https://longbridge.com/en/quote/AMZP.US.md) - [AMZU.US](https://longbridge.com/en/quote/AMZU.US.md) - [AMZW.US](https://longbridge.com/en/quote/AMZW.US.md) - [AMZY.US](https://longbridge.com/en/quote/AMZY.US.md) - [AMZZ.US](https://longbridge.com/en/quote/AMZZ.US.md) - [AZYY.US](https://longbridge.com/en/quote/AZYY.US.md) - [SNDK.US](https://longbridge.com/en/quote/SNDK.US.md) ## Related News & Research - [3,080 Amazon.com, Inc. $AMZN Shares Sold by RWQ Financial Management Services Inc.](https://longbridge.com/en/news/303709451.md) - [Amazon reported booming cloud revenue but otherwise missed expectations](https://longbridge.com/en/news/303633509.md) - [Amazon.com, Inc. $AMZN Position Lifted by OceanIQ Capital LLC](https://longbridge.com/en/news/303714182.md) - [Amazon Stock Could Have Nearly 50% Upside, JPMorgan Says, as AWS Eyes a $1 Trillion Future](https://longbridge.com/en/news/303763101.md) - [VCs will make billions on Anthropic’s IPO, but Amazon is set to make much (much) more](https://longbridge.com/en/news/303307575.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**