Amazon Analysts Busy Cutting Price Targets After Q3

By | October 24, 2014

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A number of analysts cut their price targets on Amazon.com (AMZN) stock after the e-tailer posted disappointing Q3 results late Thursday, including its biggest loss in more than a decade. Amazon third-quarter earnings missed the consensus estimate on revenue and the bottom line. Amazon faced weakness in international markets, slow sales of its Fire Phone and below-average sales of media products amid its continuing heavy spending on growth. Amazon Scalper1 News

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