Amazon.com Inc. (NASDAQ:AMZN) may fail to spot fourth- quarter sales forecasts, Goldman Sachs Group Inc. expected, mentioning slower-than-anticipated e-commerce growth over the holidays.
Amazon’s revenue may increase 38% from a year previously to $17.9 billion, Heather Bellini, an analyst at Goldman Sachs, stated today in a report. That’s below the $18.2 billion average analyst forecast, in accordance with data compiled by Bloomberg.
Bellini based her forecast on statistics from ComScore Inc., which found that total e-commerce sales increased 15% in the November-December holiday shopping season. Whereas Amazon historically outpaces the broader market by 23 percentage points, that still does not get the company to the 40% growth analysts were anticipating, she added.
Bellini wrote in the report that whereas the ComScore figures are just one data point, which does not include international sales or breakout individual companies’ sales, taken alone they seem to recommend the possible for downside risk.
Amazon’s bottom line as well is suffering as the company increased spending on fulfillment centers and builds out Web services. Chief Executive Officer Jeff Bezos stated in October the company may announce a loss in the fourth quarter. Operating margin may close to 0.84% in the period, from 3.66% a year previously, in accordance with data compiled by Bloomberg.
Its share slipped -0.02% to close at $173.86 with the total traded volume of 8.21 million shares. The stock is down -3.84% for the year 2011.
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