Amazon profit up 68 pct; outlook scares investors

Thursday, April 22, 2010 - 17:25 in Mathematics & Economics

(AP) -- Amazon.com Inc. said Thursday that its first-quarter profit surged 68 percent, showing that consumers are even more comfortable opening their wallets to the online retailer as the economy slowly improves. But investors were spooked by Amazon's forecast for the current quarter and its shares fell 6 percent in extended trading.

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