Amazon's gloomy holiday forecast misses estimates, shares fall 7%

Amazon's gloomy holiday forecast misses estimates, shares fall 7%

5 years ago
Anonymous $xdcOWPpsb_

https://www.reuters.com/article/us-amazon-com-results/amazons-gloomy-holiday-forecast-misses-estimates-shares-fall-7-idUSKBN1X32KH

Amazon.com Inc on Thursday forecast revenue and profit for the holiday quarter below expectations, as it faces fierce competition and rising costs from its plan to speed up delivery times globally.