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Amazon Profit down

Discussion in 'General Discussions and Lounge' started by temi, Feb 6, 2005.

  1. temi

    temi Facilitator Webmaster

    Disappointing profits hit Amazon

    The world's largest web retailer disappointed analysts
    Shares in online retailer Amazon have fallen 14.6% in US trade, hit by weaker-than-expected profits.
    Earnings rose sharply in the three months to December but investors were unimpressed as the figure had been boosted by a one-off tax-break.

    Profits for the period rose 250% to $346.7m (£184m), but with the $244m tax benefit stripped out, its profit per share fell from 82 cents to 24 cents.

    source full story: news.bbc.co.uk/1/hi/business/4233711.stm

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