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Tue22May2012

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Amazon's results disappoint despite strong Kindle performance

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Revenues and net sales increase year-on-year, but profits fall 57% as online retailer pours money into online strategy Amazon tripled sales of its Kindle e-reader devices over the Christmas period, but it was not enough for the online retailer to meet Wall Street's expectations. In the fourth quarter of 2011, Amazon raked in $17.


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