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Briefing
amazon

Amazon’s Stock Tanks on Grim Holiday Forecast

By
Paris Martineau
· · Source: The Information

Amazon’s stock plummeted as much as 20% in after-hours trading after posting weak growth for the third quarter and providing a bleak outlook for the holidays. While the Internet retailer reported net sales for the third quarter that were up 15% from the same period last year, they came in on the lower side of the company’s guidance for the quarter and below Wall Street’s expectations. But the...

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