You are here: Home » Reuters » News
Business Standard

Amazon shares plunge as record profit still misses estimates


By Mari Saito and Arathy S NairREUTERS - Inc posted its most profitable quarter ever on Thursday but the world's No. 1 online retailer still managed to disappoint Wall Street by badly missing estimates, sending its shares down more than 13 percent in after-hours trading.The results, as well as the company's determination to invest more in new areas and its extremely low profit margins, brought back perennial questions for investors about the company's ability to consistently earn money."By comparative retail standards, Amazon's level of profitability is still painfully weak," said ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Fri, January 29 2016. 08:28 IST