Amazon profit slumps 77 percent as costs surge, shares fall
Amazon boxes are seen stacked for delivery in the Manhattan borough of New York City, U.S. January 29, 2016. REUTERS/Mike Segar/File Photo/ (Reuters) - Amazon.com Inc reported a 77 percent slump in quarterly profit as the company invests heavily in areas such as video content and in fast-growing economies such as India. The company's shares, already up nearly 41 percent this year, were down 2.6 percent at $1,019 in after-hours trading on Thursday. The shares touched a record high of $1,083.31 in regular trading, helping Chief Executive Jeff ...
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