Amazon.com Inc. showed its first quarterly profit of the year Thursday, but predicted that holiday sales and profit would come in well lower than analysts expected while cloud growth slowed, sending shares south in after-hours trading. Read More...
Bloomberg
Amazon Shares Plunge on Forecast for Sluggish Holiday Sales
(Bloomberg) — Amazon.com Inc., shocking Wall Street, projected the slowest holiday-quarter growth in the company’s history. The shares plunged about 13% in extended trading.Most Read from BloombergMark Zuckerberg’s Wealth Wipeout Hits $100 Billion as Meta Misses AgainNew Covid Boosters Aren’t Better Than Old Ones, Study FindsMusk Tells Twitter Staff He Doesn’t Plan to Cut 75% Of JobsUS Warns South African Economic Hub May Be Terror TargetThe Seattle-based company, which reaped record profits du
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