EARNINGS-Amazon holiday quarter sales forecast falls short of estimates

Credit: REUTERS/Mike Segar

Oct 24 (Reuters) - Amazon.com Inc AMZN.Oforecastfourth-quarterrevenue below analysts' estimates on Thursday as the world's biggest online retailer faces fierce competition from Walmart WMT.N and other e-commerce players, sending its shares down 7%.

The company forecast net sales in the range of $80.0 billion to $86.5 billion for the fourth quarter. Analysts were expecting revenue of $87.37 billion, according to IBES data from Refinitiv.

(Reporting by Akanksha Rana in Bengaluru and Jeffrey Dastin in San Francisco Editing by Saumyadeb Chakrabarty)

((akanksha.rana@thomsonreuters.com; within U.S. +1 646 223 8780, outside U.S. +91 80 6749 1130; Reuters Messaging: akanksha.rana.thomsonreuters.com@reuters.net))

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