Amazon.com Shares Plunge

Investors have been voting with their feet and jumping out of the online retailing giant Amazon.com recently. Even though fourth quarter sales rose 17%, they were still below analysts' estimates. Jeff Bezos stated that Amazon deliberately increased spending to win more customers.
Amazon.com Shares Plunge After Sales Miss Estimates
"The company forecast full-year 2006 operating income of $370 million to $510 million, below the $636 million average estimate of 13 analysts surveyed by Thomson Financial. The company defines operating income as profit excluding expenses for marketing and overhead." Bloomberg
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