Amazon (Nasdaq:AMZN) Shares Victim of Unrealistic Expectations

Shares of Amazon.com (Nasdaq:AMZN) closed up at the end of the regular trading day, as traders and investors believed the company was going to have a blowout quarter, which in their view didn't happen, and after hours the share price plummeted.

Amazon enjoyed a revenue boost of 36 percent for the quarter, and an increase in profits of 7.1 percent.

More than likely all of this came from the heady results of other tech companies, which added more to the expectations surrounding Amazon than it should have.

Revenue for Amazon was the catalyst for the plunge in share price, as they recorded $12.95 billion, but analysts were looking for $13.02 billion. Even the 6 cents beat in profits wasn't enough to garner the attention of the bulls stampeding out of the room.

Amazon closed at $184.45, gaining $9.06, or 5.17 percent. After hours, as of 8:00 PM EST, that had falling to $167.5, a drop of $17.30, or 9.38 percent.