Amazon Spending Up, Profit Down in Fourth Quarter
(Newsfactor.com) Despite rising sales, Amazon, the largest Internet retailer, reported a 57% decline in its fourth-quarter profit due to heavy spending.
The Seattle-based company also said it may fall short of analysts' earnings estimates for the current quarter as
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updated 14153 (NewsFactor Network), inserted 15, updated 0, at 2012-06-01 15:28:43
