Amazon holiday quarter sales forecasts disappoint, shares slide

Reuters News
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Posted: Oct 23, 2014 4:13 PM

SAN FRANCISCO (Reuters) - Amazon.com Inc's <AMZN.O> sales projections for the crucial holiday quarter disappointed and third-quarter results missed Wall Street's targets, sending the online retailer's shares 7 percent lower.

Amazon projected on Thursday net sales of between $27.3 billion and $30.3 billion for the holiday quarter, lagging the $30.89 billion analysts had expected on average.

(Reporting by Deepa Seetharaman; Editing by David Gregorio)