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
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
