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Tag: Speedy

Speedy delivery hits Amazon’s bottom line; shares slump, Retail News, ET Retail

San Francisco, Oct 24, 2019 -Amazon on Thursday reported that quarterly profits shy of Wall Street forecasts, sending shares of the tech giant tumbling in after-market trades. Net income slid 27 percent from last year to $2.1 billion, with profits pressured by Amazon’s spending to speed up most deliveries to one day. Revenue climbed 24 …

Speedy delivery hits Amazon’s bottom line; shares slump, Retail News, ET RetailRead More