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New York - Amazon's Shares Plunge As Sales, Profit Miss Wall Street Estimates

Jan 28, 2016 at 06:30 PM

New York - Investors came down hard on Amazon.com Inc on Thursday after the world's No. 1 online retailer reported holiday quarter profit well below Wall Street's estimates, raising concerns that the stock's recent spell of growth is over. The company's shares plunged 13 percent after hours on Thursday, following a 9 percent increase in regular trading. They are still up 80 percent over the...

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