Amazon - Page 5

Not So Prime: Amazon’s Sluggish Growth Forecast Causes Stock to Drop

E-commerce giant Amazon recently reported fourth-quarter sales beating analysts’ estimates, but reported its first unprofitable year since 2014 due largely to its fizzling investment in electric truck builder Rivian. The company’s sluggish first-quarter guidance has caused its stock to drop more than four percent in morning trading.

Jeff Bezos at Blue Origin press event ( Joe Raedle /Getty)