Amazon forecasts slower growth in Q4 after Q3 sales grow 29%

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(Telecompaper) Amazon reported third-quarter revenues of USD 56.6 billion, up 29 percent from a year earlier. Operating and net profit showed a ten-fold improvement, and the margins improved. The growth was somewhat slower than the previous very strong four quarters, and Amazon expects slower revenue growth of 10-20 percent for the important fourth quarter. 
Source: Industry News (syndicated from Telecompaper.com)

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