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Amazon posts profit but lower than expected - shares drop 10%

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Amazon posts profit but lower than expected - shares drop 10%

Jan 31 2014

Amazon’s shares have fallen by 10% in after-hours trading after the online retailer failed to match analysts’ profit expectations in the run up to Christmas. However, the online retailer still reported a significant increase in profit and sales for the October-December period in 2013.

Source: The Bookseller

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