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RULiquid

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RULiquid

Re: None

Wednesday, 02/01/2012 7:47:21 AM

Wednesday, February 01, 2012 7:47:21 AM

Post# of 84
Amazon sinks in preopen following light earnings
NEW YORK (MarketWatch) -- Shares of Amazon.com AMZN -9.15% fell moe than 9% in preopen trade on Wednesday, a day after the Internet retailer and maker of the Kindle tablet reported earnings below Wall Street expectations. The shares sank 9.4% in recent trading, to $177. The company posted a sharp decline in earnings for the fourth quarter and surprised investors with a disappointing revenue outlook. The surprise was compounded by the fact that Amazon has managed to beat Wall Street's quarterly revenue forecasts by an average of 2.7% over the last five years, according to data from FactSet Research.


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