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Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?

To: Jerry A. Laska who wrote (37184)	1/27/1999 3:12:00 PM
From: Olu Emuleomo	Read Replies (2) \| Respond to of 164684

Amazon.com (NASDAQ:AMZN) estimates cut ====================================================================== CHICAGO, Jan 27 (Reuters) - Everen Securities Inc. said Wednesday it trimmed its earnings estimate for 1999 and 2000 for online book and music retailer Amazon.com, citing a lower than expected decline in gross margins. --Book gross margins continue to improve, and its forecast shows an overall rise in gross margins, though less than it had forecast before, Everen said in a research note. --Amazon operating expenses were also ahead of Everen's prior forecasts, it said. --Everen lowered its 1999 earnings per share estimate to a loss of $0.91 from a loss of $0.57, and lowered its 2000 earnings per share to a loss of $0.37 from a loss of $0.32. --Everen also raised its 1999 revenue estimate to $1.4 billion from a previous estimate of $1 billion, and raised its 2000 revenue estimate to $1.962 billion from $1.316 billion. --Shares of Amazon.com were up 16-29/32 at 132 in afternoon trading on turnover of more than 12.6 million shares. chicago.equities.newsroom@reuters.com))