Thursday, February 01, 2007
Amazon profit cut in half, sales up 34%; shares up on forecast
4:30 pm ET Feb 1, 2007
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Amazon profit cut in half, sales up 34%; shares up on forecast
Amazon.com Inc. late Thursday reported its profit dropped by half, even
as sales rose 34%, as the company lost the benefit of a large tax gain
it had a year ago and saw its operating margin narrow.
