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Amazon holiday quarter sales forecasts disappoint, shares slide


    SAN FRANCISCO (Reuters) - Amazon.com Inc's sales projections for the crucial holiday quarter disappointed and third-quarter results missed Wall Street's targets, sending the online retailer's shares 7 percent lower.

    Amazon projected on Thursday net sales of between $27.3 billion and $30.3 billion for the holiday quarter, lagging the $30.89 billion analysts had expected on average.

    (Reporting by Deepa Seetharaman; Editing by David Gregorio)