Thursday, January 28, 2016

Amazon's shares plunge as sales, profit miss Wall Street estimates

News
Amazon missed Wall Street's expectations for the holiday quarter despite reassurances that fears of recession in the United States are overblown; this announcement follows Ebay's unexpected miss.  The global economic slowdown is gaining momentum regardless of what people 'believe'. The Economic Activity Composite (EAC), a leading proxy for US economic activity, has been negative since early 2015 (see below). The majority, always a day late and dollar short in terms of timing, will panic only after economic reality completely invalidates their beliefs

Headline: Amazon's shares plunge as sales, profit miss Wall Street estimates

(Reuters) - Amazon.com Inc's holiday quarter profit missed Wall Street's estimates by a wide margin as the world's No. 1 online retailer faced rising operating costs and growth slowed in its cloud services business.


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