December 29, 2011 10:17 AM EST

Traders in Amazon.com (Nasdaq: AMZN) are reacting to a call made earlier by Goldman Sachs' Heather Bellini, who based her call on comScore data for holiday 2011 e-commerce results.

The Goldman analyst said numbers imply fourth-quarter revs of $17.87 billion, missing the company's views calling for sales of about $18.2 billion. For more
& color on the report, click here.

Shares of Amazon are down 3.2 percent Thursday, but have bounced off earlier lows. Shares are now at March 2011 levels, and off 32 percent from a 52-week
& high of $246.71 hit in October.

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