Amazon.com Inc. (AMZN-Q227.15-10.46-4.40%) shocked investors with a far weaker-than-expected outlook for the crucial holiday season quarter as it spent heavily on its new Kindle Fire tablet computer.
The stock tumbled 12 per cent Tuesday in extended trading as the news raised concern that Amazon was losing some of the revenue momentum that had helped investors overlook its razor-thin profit margins.
No comments:
Post a Comment