Even though the overall tech sector was performing fairly well in morning trading, shares of Amazon.com (NASDAQ:AMZN) were under pressure after Goldman Sachs (NYSE:GS) cited data from comScore, pointing to the company performing below consensus.
The current consensus on Amazon is 40 percent sales growth, while the comScore data show sales growth of 38 percent in the fourth quarter, according to Goldman analyst Heather Bellini.
Bellini wrote in a note, “While the comScore numbers are just one data point which does not capture international sales or break out individual companies’ sales, taken alone they seem to suggest the potential for downside risk to consensus forecasts.”
Amazon was trading at $171.24, falling $2.65, or 1.52 percent, as of 11:22 AM EST.
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