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Amazon shares set record after strong quarterly profit

Amazon.com Inc shares hit a record on Tuesday after it reported better-than-expected quarterly profit, fueled by the growth of higher-margin businesses during the fiercely competitive holiday quarter.

 

Amazon Delivers on Revenue but Not on Profit

The company reported net income of $7 million, or 1 cent a share, on sales of $12.8 billion. It was less profit than analysts had estimated, but the revenue was in line with forecasts.

 

Amazon profit falls 32.8 percent though sales soar

Amazon.com Inc reported that first-quarter sales rose 38.2 percent, above analysts' forecasts.

 

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