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January 30, 2015

Amazon's big spending pays off in 4th quarter

By MAE ANDERSON
AP Business Writer

NEW YORK — It was a Prime quarter for Amazon.

Amazon surprised investors on Thursday with a fourth-quarter profit that soundly beat expectations, despite a continued increase in spending and a slight sales miss, partly linked to the strong dollar. Investors drove shares up over 11 percent in aftermarket trading.


 
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