For the first quarter, Amazon forecast sales of $12 billion to $13.4 billion, and operating results between a loss of $200 million and a profit of $100 million, "or between 162% decline and 69% decline compared with first quarter 2011."

The current average analysts' estimate is for earnings of 33 cents a share in the first quarter on sales of $13.41 billion.

The stock was last quoted at $177.50, down 8.7%, on volume of more than 4.4 million, according to Nasdaq.com.

Check out TheStreet's quote page for Amazon for year-to-date share performance, analyst ratings, earnings estimates and much more.

Other stocks moving in late trades included Seagate Technology ( STX), which added 6.1% to $22.35 on volume of 1.3 million after the hard drive maker delivered an above-consensus profit for its latest quarter; JDA Software ( JDAS), which lost nearly 10% to $26.60 on volume of more than 30,000 after the supply chain management software company said it's received a request for information related to its revenue recognition and other accounting matters from the Securities and Exchange Commission; and Key Tronic ( KTCC), which jumped 28.3% to $8 on volume of more than 60,000 after the provider of electronics manufacturing services reported fiscal second-quarter earnings of $3.2 million, or 30 cents a share, on revenue of $84.5 million, up from a year-ago equivalent profit of $1.7 million, or 17 cents a share, on revenue of $61 million.

-- Written by Michael Baron in New York.

>To contact the writer of this article, click here: Michael Baron.
Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.

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