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home > news Amazon.com Sees Weak Holiday Sales, Shares Fall 14% Amazon.com Sees Weak Holiday Sales, Shares Fall 14%
Online retailer Amazon.com cuts its 2008 revenue and income forecasts based on lower holiday sales than previously expected, leading to falling shares. - SAN FRANCISCO (Reuters) Amazon.com Inc cut its 2008 revenue and income forecasts on Wednesday, saying sales in the holiday quarter would fall short of Wall Street expectations, and its shares fell 14 percent. The online retailer has cut prices on its site to spur sales in a weak U.S. economy, b... Click Here to read the entire article... Find this article in Google
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