Don’t fret Amazon’s most recent quarter because the e-commerce giant is simply allocating capital as it always does, said TheStreet’s Jim Cramer. Shares of Amazon are trading down about 4% Friday after the company reported third-quarter adjusted earnings of 52 cents per share, missing Wall Street’s projection of 78 cents. Revenue for the e-commerce giant came in at $32.71 compared with analysts’ estimate of $32.69 billion. In terms of its fourth quarter guidance, net sales are expected to be between $42 billion and $45.5 billion, or to grow between 17% and 27% compared with fourth quarter 2015. The Street’s consensus estimate for Q4 is $44.6 billion. Operating income is expected to be between $0 and $1.25 billion, compared with $1.1 billion in fourth quarter 2015.
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