Amazon plays the Grinch in Wall Street's Christmas

Thursday, October 23, 2008 - 07:42 in Mathematics & Economics

Online retailer Amazon.com Inc. boosted its earnings by almost 50 per cent in the third quarter, the company said Wednesday. But, its sogging revenue forecast for the next three months likely disappointed analysts, who will interpret the company's weaker sakes prediction as the coming trend for the entire retail sector.

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