Amazon Q3 Profit Falls, Stock Down 6%
Amazon reported third-quarter net income of $20.69 billion, or $1.89 per share, compared with $21… a year earlier. Net sales increased 12%; the profit decline reflected the absence of a substantial investment gain recorded in the prior year.
SEATTLE (dpa-AFX) - Amazon.com, Inc. (AMZN) on Thursday reported a drop in profit for the third quarter, reflecting the absence of a substantial investment gain recorded a year earlier, while net sales increased 12%.Third-quarter net income was $20.69 billion, or $1.89 per share, compared with $21…