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Q3 results preview: Amazon's bold spending to be closely watched

Wall Street has often overlooked the company's relatively small profits as CEO Jeff Bezos chases growth

Reuters 

Amazon.com Inc's audacious spending on original TV shows and movies, its cloud business and an ever-expanding core retail operations, will be closely watched by investors when the retail giant reports results on Thursday. Wall Street has often overlooked the company's relatively small profits as Chief Executive Jeff Bezos chases growth. Bezos has looked to cement the company's position as a leader in cloud services, become a formidable foe of Netflix Inc, and disrupt the retail industry with its recent purchase of premium grocer Whole Foods. This quarter, however, ...

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First Published: Thu, October 26 2017. 20:45 IST
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