Net sales are expected to be between $66.5 billion and $72.5 billion, or to grow between 10% and 20% compared with fourth quarter 2017.
There were no ratings downgrades from the Wall Street analysts who have nearly universally backed the companies' long-term prospects, but several said there were signs that both were beginning to face tougher competition from tech peers as well as the retail companies Amazon has bullied in recent years.
Amazon's third-quarter sales lagged estimates as well. In recent after-hours trading, the company's shares were off $157.16, or 8.8%, to $1,625.01.
The company's shares fell by as much as 10pc in late trading.
In a time of low interest rates, Amazon and Google have offered investors the chance to hitch a ride on the fast-growing e-commerce, digital advertising and cloud-computing markets buoyed by a steady global economy, Bloomberg explained. Even with that wage increase, Amazon is still expected to post a 31 percent rise in operating income from the year earlier to $3.3 billion.
She added, "It is not that the [Amazon] reported a decrease in income - on the contrary, profits were at a record high - but its sales nudged lower and more importantly its expectations for the all-important fourth quarter holiday shopping period came in a touch below consensus forecasts".
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He said the country's debt was Rs 6,000 billion in 2008 which ballooned to Rs 30,000 billion in 2018. An IMF team is due to visit Pakistan to open negotiations on November 7.
As well, Amazon expanded its Prime Video product with new original shows, launched its Prime Book Box to all of its US-based Prime customers, setup shop in Turkey, improved Alexa, and much, much more.
Google-parent Alphabet sank 3.3 percent after its revenue missed estimates, fanning concerns that investments in new businesses, rising regulatory scrutiny and competition are producing slow returns. Analysts had forecast $3.11 per share.
Operating cash flow increased 57 percent to $26.6 billion. In addition, Amazon faces a tougher year-over-year comparison because the Whole Foods deal closed in the third quarter of 2017, and the different timing of the holiday Diwali affected sales patterns, he said.
And the company continued to see success in advertising.
"Amazon Business has now reached a $10 billion annual sales run rate and is serving millions of private and public-sector organizations in eight countries", said Jeff Bezos, Amazon founder and CEO. Amazon India registered its best-ever performance in festive sales, which is usually dominated by Flipkart's flagship event, The Big Billion Days sale.
As of this writing, Amazon shares are rising almost 7% to $1,783.