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National Retail Federation
Amazon forecast for holidays disappoints

It might be a blue Christmas for Amazon. The world's largest retailer gave a disappointing forecast for the crucial holiday quarter. The company also reported a wider loss than analysts expected for the third quarter. Thursday's financial results could end investors' patience with Amazon's slim profit and its strategy of investing heavily in new products and services to spur revenue growth. The stock price tumbled 11 percent in after-market trading. That's on top of the 22 percent decline the stock has already suffered this year. Amazon has long focused on spending the money it makes to grow and expand into new areas. It launched a smartphone, the Fire, earlier...

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