khodeti25463

NEW YORK (Reuters) - Stocks are set to fall at Wednesday's open after companies like online retailer Amazon.com Inc. (Nasdaq:AMZN - news) posted earnings that were higher but not enough to sustain the hefty run-up in share prices.

Missed Tech Tuesday?
TiVo Addicts -- put your favorites in your pocket. Here's the best gear and how to capture video away from home.


"We begin the day with a couple of disappointments on the bottom line," said Larry Wachtel, market analyst at Wachovia Securities LLC. "Amazon has tripled in value this year. So they come in with a good quarter, but what do they have to offer beyond that? It's the old 'sell on the news' psychology."


Amazon.com reported its first quarterly profit outside the holiday season as free shipping incentives and a new sporting goods store boosted revenue. The company said sales in its current quarter could top expectations but forecast 2004 revenue roughly in line with analyst forecasts.


Shares of Amazon, which ha...