Amazon Shares Plunge After Tech Giant Forecasts Disappointing Holiday Sales

Amazon Shares Plunge After Tech Giant Forecasts Disappointing Holiday Sales
Amazon logo is seen in front of a decreasing stock graph in this illustration taken on April 29, 2022. Dado Ruvic/Reuters
Katabella Roberts
Updated:
0:00

Shares of Amazon plunged on after-hours trading on Thursday after the company predicted less than spectacular sales for the important holiday shopping season.

Amazon shares were down almost 20 percent in extended trading after the Seattle-based tech giant predicted revenue would be $140–148 billion in the three-month period ending the year, missing out on analysts’ average estimate of $156 billion.

Katabella Roberts
Katabella Roberts
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Katabella Roberts is a news writer for The Epoch Times, focusing primarily on the United States, world, and business news.
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