Today’s market has been especially rough for consumer product companies such as Johnson & Johnson, Colgate Palmolive, and Procter & Gamble, which have all sunk on weak guidance thanks to disappointing growth in developed markets. While these product makers have tumbled some had hoped that the key retailers would be able to avoid this malaise and continue posting strong growth figures with high margin levels. This hope was put to the test last night after the bell when one of the biggest retailers in the world, Amazon.com (AMZN), gave its earnings report for the most recent quarter. For the quarter, AMZN reported earnings of 91 cents a share on revenues of $12.95 billion. Although Amazon beat consensus earnings by three cents it missed revenue marks by $20 million, a fact which caused a massive sell-off in the company, pushing shares down by close to 10% before ending the after-hours session [...] Click here to read the original article on ETFdb.com. Related Posts: Thursday’s ETF To Watch: Internet HOLDR (HHH) Three ETFs To Watch This Week: PPH, FAA, HHH Why Amazon’s Deal With Target Could Be Good News For HHH Internet ETFs: Five Ways To Play Judgment Day For Retail ETFs