Shortly after the close, online retailer Amazon.com (AMZN: sentiment, chart, options) reported third-quarter earnings of $118 million, or 27 cents per share. Sales rose 31% to $4.26 billion. Analysts were looking for a profit of 25 cents per share on revenue of $4.27 billion. Looking ahead, AMZN said it expects fourth-quarter operating earnings to arrive between $145 million to $205 million, on sales of $6 billion to $7 billion. Wall Street is currently looking for fourth-quarter revenue of $7 billion.

Despite the strong report, AMZN has dropped more than 13% in after-hours trading. Sentiment was mixed heading into the event, as the stock's Schaeffer's put/call open interest ratio (SOIR) of 1.08 ranked below 90% of those taken during the past year. Meanwhile, analysts have doled out 6 "buys," 5 "holds," and 2 "sells."