Amazon joins Big Tech’s dark forecast for the rest of the 12 months. It said next quarter’s sales will be less than expected – and its stock just plummeted 17%%

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An Amazon delivery worker pulls a delivery cart full of packages during its annual Prime Day promotion in New York

Amazon couldn’t save Big Tech.

The ecommerce king’s shares have been down additional than 17% after hours following the agency’s announcement that fourth-quarter sales will be successfully beneath the current Wall Street consensus.

Amazon said it expected fourth-quarter sales of $140 billion to $148 billion, beneath analysts’ view of $155.37 billion.

This is a creating story; please take a look at once more for updates.

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