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Amazon shares dip 2% despite record quarter as it warns Christmas deliveries will be “tight”

October 30, 2020

Via: Charged

Amazon has seen its shares dip two per cent in morning trading after it warned that its Christmas quarter could be “tight”.

The online retail behemoth spooked investors yesterday after it warned that it could struggle to meet demand for deliveries in what is set to be a record ‘Golden Quarter’.

Amid its third quarter results, Amazon predicted that its operating profits for the coming quarter would come in between $1 billion and $4.5 billion, below analyst forecasts of $5.8 billion.

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