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Share prices tumbled by 13% after Amazon's earnings missing estimates and poor sales projections for the holiday period.
The bank earned $407 million, or 88 cents a share, badly missing estimates from analysts, who projected earnings of $1.55 a share.
Some apparel stores were among the worst performers for December, missing estimates by big margins, including — American Eagle Outfitters (down 11 percent), Aéropostale (down 5 percent) and Gap-owned stores (down 3 percent).
The currency bloc's purchasing managers' index reportedly fell to 41.3, missing estimates of 44.0, with the indicator for Germany also missing estimates at 43.3.
The company struggled to hold a modest advance though after missing estimates for new FiOS customers.
"The catalyst came in [late] 1998, after eight quarters of missing estimates," Barnholt says.
Similar(37)
Fourth-quarter sales and earnings will also miss estimates.
The retailer missed estimates for the fifth consecutive quarter.
Kohl's slumped 6.4 percent after November sales missed estimates.
Dow Chemical dropped 10 percent after its earnings missed estimates.
[C6.] Tech Forecasts Weigh on Stocks Stocks fell after eBay and Qualcomm said profit might miss estimates.
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