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Amazon's holiday season sales outlook misses views; shares sink
October 25, 2018 4:12 PM EDTBy Jeffrey Dastin and Arjun Panchadar
(Reuters) - Amazon.com Inc (NASDAQ: AMZN) forecast holiday season sales and profit that missed Wall Street targets on Thursday, projecting revenue growth that would be the slowest in years, sending shares of the world's largest online retailer down 8 percent in after-hours trade.
Amazon's third-quarter sales lagged estimates as well. Analysts said international results were disappointing and online competition was increasing. The company blamed accounting changes and cautioned that it was being conservative with its outlook.
For years, Amazon has made expensive bets on new... More
