Friday, October 28, 2022

Weak Amazon outlook another blow to tech-related growth stocks

Amazon's net sales were $127.1 billion in the third quarter ended September 30, lower than analysts' expectations of $127.46 billion, according to IBES data from Refinitiv. For the holiday quarter, the world's biggest online retailer forecast net sales of between $140 billion and $148 billion, versus expectations of $155.15 billion.

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