Amazon’s been spending lots of money on expanding its operations, so analysts expected a huge drop in profit for the first quarter. And even though earnings did fall, they didn’t decline nearly as much as analysts had feared.
Amazon blows estimates away. Stock surges.
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Financial news of the day – CNNMoney.com
From CNN and Money magazine, CNNMoney.com combines business news and in-depth market analysis with practical advice and answers to personal finance questions.
Financial news of the day – CNNMoney.com
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