Amazon posts 3rd quarter results that fall short of Wall Street’s expectations

Amazon offered a cautious sales outlook for the current fourth quarter that encompasses the critical holiday shopping period after delivering fiscal third-quarter results that came in below Wall Street analysts’ expectations.The Seattle-based tech giant, however, posted strong sales growth in its prominent cloud computing unit. Sales in its so-called Amazon Web Services rose 39.3% to $46 billion during the latest quarter ended Sept. 30, higher than the 37% clip in the previous quarter. It...