after the bell. amazon and alphabet reported for the latest quarter. amazon missing on the bottom line causing the stock to sink. currently down 12%. alphabet beating on the top and bottom line. joining us to break down the results, james chocmok. great to have you. >> thanks. >> what should we start with? >> start with the bigger news, amazon. >> okay. >> were investors too greedy to expect address much profit as they did? >> i don't think it was greedy. what you saw in the first half of this year was the performance in the stock driven by fundamentals. in the second half it got ahead of itself because of the scarcity value of high quality growth names that are in the tech world. i think that drove it a bit more than it should have. when you look at the profit expectations for the fourth quarter, which is the biggest seasonal holiday shopping period, it left a bit to be desired. >> shipping costs up 43%.