AMAZON GROWS ON: The outlook for fourth-quarters sales growth is looking pretty good — if you’re Amazon.com Inc. The Web merchant of just about everything projected its fourth-quarter sales would rise between 10 percent to 25 percent, shooting as high as $26.5 billion.
The forecast opens up the possibility of a slow down for the Web giant, since third-quarter sales gained 23.8 percent to $17.09 billion. The company continues to plow its money into feeding more growth and posted a net loss of $41 million in the most-recent quarter.
RELATED STORY: Amazon Opens New York Photo Studio >>