By Bill Rigby and Edwin Chan SEATTLE (Reuters) – Amazon.com Inc missed Wall Streets estimates for the crucial holiday period and cautioned investors about a possible operating loss this quarter as shipping costs climb, pushing its shares down more than 5 percent. It was a contest that many retail industry executives have blamed on Amazon. The Seattle-based company, which has spent freely to forge new markets in cloud computing and digital media, is experiencing slower growth at home after years of rip-roaring expansion, and its international business continues to underperform. Amazon expects operating results for the current quarter to range from a $200 million loss to a $200 million profit, compared with a $181 million profit a year ago.
Comments are closed.
