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February 1, 2012

Amazon income falls, revenue up

SEATTLE (AP) — Amazon's fourth-quarter net income dropped sharply, weighed down by higher operating expenses even as revenue grew.

Amazon.com Inc. said Tuesday that its net income was $177 million, or 38 cents per share, in the three months that ended Dec. 31. That's down from $416 million, or 91 cents per share, a year earlier.


 
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