Amazon profits suffer largest percentage drop in four years
by Dominic Rushe in New York from Technology | The Guardian on (#5R90E)
Share price down 4% in after-hours trading on news that third-quarter earnings fell to $3.2bn compared with $3.6bn last year
Amazon's profits declined by the largest percentage in more than four years as the online giant said it has spent heavily on coping with the pandemic and delivered a downbeat forecast for the holiday season.
The news sent Amazon's share price down 4% in after-hours trading.
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