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Amazon's spending on quick delivery is squeezing its profits

Updated : July 26, 2019 06:33 AM IST

The Seattle-based company reported Thursday that its sales soared a better-than-expected 20 percent in the quarter.
But it posted a profit for the three-month period ended June 30 of $2.62 billion, or $5.22 per share. Analysts had expected earnings per share of $5.56 per share, according to FactSet.
Amazon's spending on quick delivery is squeezing its profits

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