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February 2, 2018

Amazon's quarterly profit tops $1B

NEW YORK (AP) — It was a prime holiday season for Amazon: The online retailer's quarterly profit soared past $1 billion for the first time in its more than 20-year history as it sold more voice-activated gadgets, enlisted new Prime members and benefited from its recent purchase of Whole Foods.

The Seattle-based company's profit was also helped by recent changes to the tax law, giving it a $789 million tax benefit during the fourth quarter.


 
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