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04:43

Amazon’s profit drops 35pc but tops expectations: But revenues rose 34pc

New York Times :: Investors in many other companies might panic upon hearing of a 35 percent drop in net income. When Amazon.com reported those results on Thursday, its shares went up almost 15 percent in after-hours trading. That is because Amazon, despite the slip in profit, still managed to exceed Wall Street expectations Thursday for the first quarter ended March 31.

Continue to read Nick Wingfield, www.nytimes.com

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