Amazon suffers the worst fall of the year due to weaker sales forecasts

Amazon.com shares fell more than 7% Friday at the end of the day, driven by sales forecasts that failed to meet Wall Street goals, which raises fears of an expansion of the retailer. online could lose momentum.

Third quarter results released late Thursday mark the second time that company chief Jeff Bezos has surpbaded Wall Street's high sales targets and the report has triggered aftershocks in global equity markets.

The online retail company posted a 7.82% drop to $ 642.81 per paper. In intraday operations, the company has sunk up to 20%. The company added a drop of 6.87% per week.

The stock decline subtracted nearly $ 90 billion from Amazon's market value, so that it would be behind Microsoft and Apple.

Ratings from Wall Street badysts have not lowered the credit rating, which has almost always supported the company's long-term prospects.

Only three brokerage firms reduced their price targets on equities and four others raised them, claiming that Amazon's long-term growth remains intact.

"Inventories have increased by 52% since the beginning of the year, this kind of" growth panic "will probably weigh on confidence in the short term, but will eventually disappear (probably in the first quarter of 2019) "Ross Sandler, an badyst at Barclays, wrote to customers.

Amazon faces challenges in increasing sales in international markets, in addition to growing competition from companies such as Best Buy, Target and Walmart, which are increasing their digital investments.