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Amazon com: with his predictions, the action will retreat



(Actualis with comments)

January 31 (Reuters) – Amazon supported on Thursday
exchange after Wall Street closure following
publish the forecast of turnover at first
quarter lower than analysts' expectations.

E-commerce gloves predict sales
between 56 billion and 60 billion in the first
quarter, which is below the average consensus of 60.77
billion dollars, according to IBIN data from Refinitiv.

Sales in the fourth quarter grew
19.7% of $ 72.38 billion, which is higher than
an average consensus of 71.87 billion, thanks to strong sales
during holidays including Black Friday.

Shares were up to 2.5%
closing before loss reduction.

Amazon continues to grow and invests heavily,
especially in the area of ​​data, computing
dmatrialise ("cloud") and artificial intelligence, but
difficulties, especially in some markets outside
from the United States.

So the group started to withdraw the whole series on Thursday
products from its sites in India to bend new ones
regulation of this country, which will come into force on Friday and
prohibits distributors from selling the company's products
in which they have shares.

"Right now there's a little uncertainty," he said.
Chief Financial Officer Brian Olsavsky at
Tlconfrence with journalists.

"India continues to offer good prospects for a long time
term, "he added.

The Amazon forecast takes two points into account
percentage of negative exchange rate effects, he said.

Amazon's net profit rose by $ 3.03 billion
$ 6.04 per share for the quarter ended December 31
December against $ 1.86 billion ($ 3.75)
events) a year earlier.

Alibaba, the great Chinese rival of the Amazon, published
Wednesday's net profit in the third quarter of its fiscal year
better than expected for maximum utilization
revenue growth from 2016,
due to the slowdown in the Chinese economy and
business tensions between Beijing and Washington.

(Arjun Panchadar Bangalore and Jeffrey Dastin San Francisco;
Patrick Vignal for the French service)


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