India, Feb. 7 -- Shares of Amazon.com Inc. declined around 4 percent in the extended trading on Thursday and are currently down around 3 percent in the pre-market activity on the Nasdaq, after the tech major projected slower sales growth in the first quarter than the fourth quarter, with a significant unfavorable foreign exchange imapct. This was despite reporting higher earnings, above the Street estimates, with strong growth in sales in the fourth quarter.
The Wall Street Journal reported that Amazon's sales outlook is weaker than expected.
In its earnings call, Amazon President and CEO Andy Jassy said, "As we look to 2025 and beyond, we see opportunity to reduce costs again as we further refine inventory placement, grow our same-day de...