dticorp
Joined: 19 Aug 2006
Posts: 1760
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| Posted: Wed Feb 01, 2012 8:52 am Post subject: Amazon Shares Fall After Sales Miss Estimates |
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Amazon Shares Fall After Sales Miss Estimates
Amazon.com Inc. (AMZN) fell as much as 7.3 percent in German trading after sales missed estimates, signaling that its investments in media services, Kindle devices and shipping promotions have been slow to pay off.
Fourth-quarter revenue was $17.4 billion, the Seattle-based company said yesterday in a statement, trailing the $18.3 billion estimated by analysts in a Bloomberg survey.
Rest of the article here:
http://www.bloomberg.com/news/2012-01-31/amazon-s-sales-miss-estimates-profit-drops-as-expenses-surge-shares-drop.html
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