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Amazon: Estimates Still Too High?

in News on October 17, 2008 at 9:48 am PT

Are estimates still too high for Amazon.com (AMZN)? Barclays Capital analyst Douglas Anmuth thinks so. This morning, he cut his 2008 estimate to $1.40 from $1.56; for 2009, he drops to $1.57, from $2.06. That puts his numbers way below the Street consensus of $1.51 for this year and $1.96 for next year.