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Amazon Share Price Latest Update

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Amazon shares fell nearly 20% in after-hours trading on Thursday,

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after the company said its all-important holiday shopping season would be shorter than expected.

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The company has slowed the rollout of new facilities,

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 leasing out some warehouse space and moratoriums on the rental of parts of its business.

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For the three months ended September 30, Amazon reported sales of $127.1 billion, slightly below analysts' expectations.

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 After losing two-quarters of the money, the company made a profit of $2.9 billion.

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 But Amazon's guidance in the holiday quarter worried investors.

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