
Amazon Stock Slips As Early Prime Day Sales Data Disappoints

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Amazon.com Inc shares are down 1.32% to $220.51 following disappointing early Prime Day sales, which fell nearly 14% compared to last year. The event has been extended to four days, complicating year-over-year comparisons. Analysts are concerned about Amazon's ability to meet revenue targets amid economic pressures, with potential downward revisions to forecasts. Despite a strong growth profile, the initial sales downturn raises investor concerns about future earnings and broader economic implications.
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