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Amazon announces increased quarterly growth profits

27 Jul 2012 12:00 AM | Anonymous

Amazon has announced increased quarterly profits of 1.6 percent, with shares reaching a total of $223.59.

Amazon’s second-quarter profits totalled $12.83 billion with expectations of third quarter operating profits reaching as high as $388 million according to Analysts Caris & Co

Scott Tilghman, an analyst at Caris & Co, said “There was tremendous growth in Amazon's higher-margin services".

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