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Amazon Quarterly Profit Jumps But Shares Slide - MegaIcon Magazine
Amazon said Thursday second-quarter profit jumped 48 percent from a year ago to $7.8 billion, but shares in the tech and e-commerce giant fell on a disappointing revenue number. Total revenues increased 27 percent to $113.1 billion, below most Wall Street forecasts, sparking a slide of some six percent in after-hours trading. Andy Jassy, who