Amazon.com Inc on Thursday forecast first-quarter sales below Wall Street estimates as new regulations in India created uncertainty around one of its key growth markets, even as the online retailer reported record holiday sales and profit. Shares of the company fell more than 5 per cent to $1,623.90 after the bell, sliding as company officials discussed expenses on a conference call with analysts. Amazon posted a 63 per cent jump in net income to $3 billion for the fourth quarter, ahead of analysts' estimates. Sales rose 20 per cent, and a record number of shoppers signed up ...
Amazon sales outlook falls short as India regulation uncertainly bites
Brian Olsavsky, Amazon's chief financial officer, said on a call with reporters, the 'situation in India is a bit fluid right now
Reuters Last Updated at February 1, 2019 06:41 IST