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Amazon earnings fall sharply on higher costs The online megaretailer (NASDAQ:
AMZN) also issued a forecast for operating income in the second quarter that was well below Wall Street's estimates. The stock initially fell more than 3% in after-hours trading following the report but later recovered,
... read moreLargest Institutional Holder Cuts Stake in Barnes & Noble (BKS, WMT, AMZN) With the continued success discount competitors such as Amazon.com (NASDAQ:
AMZN) and Wal-Mart (NYSE: WMT), as well as the rise of the E-book, Barnes and Noble is finding it harder and harder to find profits. Barnes & Noble's survival rests squarely in
... read moreAmazon's 1Q Profit Slumps 33%, Predicts Another Income Drop In 2Q SAN FRANCISCO -(Dow Jones)- Amazon.com Inc.'s (
AMZN) first-quarter earnings fell a greater-than-expected 33% as the online retailer spent aggressively to build more distribution centers and expand its technology infrastructure.
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