Amazon shares fall after first-quarter sales forecast misses estimates

Amazon's largest fulfillment centre in India.Noah Seel/AFP

Amazon.com Inc on Thursday forecast first-quarter sales below Wall Street estimates, as it faces regulatory hurdles in India and a slowdown in e-commerce sales in Europe.

Shares of the company fell 1.1 per cent to US$1,700 in trading after the bell.

Amazon began removing a wide array of products from its India website late on Thursday to comply with the new foreign investment curbs that kick in on Feb.1 and disallow companies from selling products via vendors in which they have an equity interest.

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