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Amazon Misses Wall Street’s Q3 Profit Estimates, Sending Shares Down Sharply

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Amazon reported total revenue of $70 billion in the third quarter, up 24% from the same period a year ago and more than $1 billion ahead of Wall Street analysts’ estimates. But downturns in operating and net income undershot estimates as the retail behemoth funnels significant resources into one-day delivery, an as-yet unproven strategy. The […]

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