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Wall St. Finally Turning On Amazon As Bezos Magic Fades


Ron Burgundy
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Amazon CEO Bezos is silhouetted during a presentation of his company's new Fire smartphone in SeattleBy Deepa Seetharaman and Ross Kerber SAN FRANCISCO/BOSTON (Reuters) - Amazon.com Inc's once fairy-tale ride on Wall Street has hit its most jarring bump yet. The company that for years enthralled investors with improbable growth and earned one of the technology sector's highest valuations drew widespread ire after a spectacular results letdown on Thursday. Amazon missed expectations across the board - on margins, on its net loss and on revenue. An unaccountably poor 7 to 18 percent revenue growth forecast for the typically strongest holiday quarter was the final straw for some. ...




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