Amazon Shares Drop After Q3 Sales Fall Short And Holiday Outlook Disappoints – Andria Cheng

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Amazon.com AMZN +7.24%, facing growing competition on all fronts led by Walmart, reported disappointing third-quarter sales, sending its shares lower in after-hours trading. Sales in the quarter ended Sept. 30 rose 29% to $56.6 billion, compared with the consensus Wall Street estimate of sales rising above $57 billion. Sales would have risen 30% without the negative impact of a stronger dollar that hurt translated overseas sales by $260 million……

Read more: https://www.forbes.com/sites/andriacheng/2018/10/25/amazon-shares-drop-after-q3-sales-fall-short-and-holiday-outlook-may-disappoint/#202775e83048

 

 

 

 

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