Wednesday, October 24, 2012

AMZN: Amazon (AMZN -2.5%) is closing with losses...

3:55 PM Amazon (AMZN -2.5%) is closing with losses ahead of tomorrow's Q3 report after Barclays cut estimates, citing slowing revenue growth. Though still taking share from e-commerce and bricks & mortar rivals alike, Amazon has been struggling to deal with Europe's macro and forex headwinds, and now also has U.S. sales tax collections to contend with. Shares are down 12% from their Oct. 4 close. (Read the comments on this)

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