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Amazon Quarterly Profits Beat Forecast, at $130 Million

     
10:47 am on Apr 27, 2012 (gmt 0)

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Amazon Quarterly Profits Beat Forecast, at $130 Million [bbc.co.uk]
Amazon has posted better-than-expected profits after the world's largest retailer cut costs and boosted sales of its Kindle tablet and digital products.

Amazon shares rose almost 15% in after-hours trading in New York after it said quarterly net income was $130m (80m).