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Amazon posts profit but revenue was weaker than expected

Por: Associated Press Tech October 27, 2022

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NEW YORK (AP) — Amazon returned to profitability after two consecutive quarters of losses this year, but its stock tanked in after-hours trading due to weaker than expected revenue as well as its disappointing projections for the fourth quarter. The company reported third-quarter revenue of $127.1 billion, boosted by Amazon’s Prime Day, a major sales event for dues-paying Prime members that was pushed back to July this year from June the... + full article



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