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Amazon Stock Tanks 5% On Quarterly Revenue Miss In Debut Of New CEO Andy Jassy

Amazon Stock Tanks 5% On Quarterly Revenue Miss In Debut Of New CEO Andy Jassy

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Amazon saw second quarter net sales of $113 billion, up 27% but below expectations, dinging the shares in late trading. Net profit came in a $7.8 billion, or $15.12 a share — up from $5.2 billion or $10.30. Subscriptions services, which includes annual and monthly fees associated with Amazon Prime memberships, as well as digital…

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