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Shares In Amazon Drop Over 14%...

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Shares In Amazon Drop Over 14% After Forecasting Weaker Christmas Period Than Previously Expected

RedFM News
RedFM News

04:47 28 Oct 2022


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Shares in Amazon have dropped by over 14-percent after forecasting a weaker Christmas period than it previously expected.

The world's biggest online retailer's warning inflation's behind it - and that customers and businesses are being more careful with their money.

Amazon's expecting sales of around 140-billion-dollars in the fourth quarter - compared to a previously predicted 155-billion.


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