Amazon Forecasts Holiday Sales That May Miss Estimates
- Expenses gained 29 percent on investments in warehouses, video
- Operating income projection shows rising profits may slow
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Amazon.com Inc. forecast a holiday quarter with operating income that may break even and sales that could miss estimates. The outlook spooked investors accustomed to widening profit margins at the e-commerce bellwether.
Sales in the current quarter will be $42 billion to $45.5 billion, the Seattle-based company said Thursday in a statement. Analysts estimated $44.6 billion, according to data compiled by Bloomberg. Shares declined as much as 9 percent in extended trading after closing at $818.36 in New York.