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Amazon Q4 revenue rises, but below expectations

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Published Fri, Jan 29, 2016 · 09:50 PM

    New York

    AMAZON was expected to run away with the holiday season. Instead, it merely strolled.

    Revenue for the fourth quarter was a bit lighter than expected, the Seattle company reported on Thursday, and profit was a whole lot skimpier. Wall Street was crushed. The US$24 billion or so that investors had added to the company's market value earlier in the day immediately vaporised, and then some.

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