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Amazon Growth Continues in First Quarter On Slim Margins, And Stock Declines

April 24, 2014
By Sarah Weinman

Amazon reported first quarter sales after the close of the market on Thursday, with sales of $19.74 billion (up 23 percent) and net income of $108 million, or 23 cents a share, both almost exactly in line with analysts’ expectations. Amazon’s stock rose by $13 a share Thursday in anticipation of the report, but the price has given back much more, down $32 a share and still falling, in early trading on Friday. (Amazon shares hit an all-time high of about $408 a share in January, but with the market rotating out of “momentum” and high-value tech stocks, it now […]

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Filed Under: Earnings Reports, Publishers

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