Amazon.com shares rise despite profit drop
- Published: 30 Jan 2013 at 05.44
- Online news: World
Shares of online retail titan Amazon.com surged on Tuesday after the company reported that quarterly profit sank at the end of last year but its margins were better than expected.
Shares of online retail titan Amazon.com surged on Tuesday after the company reported that quarterly profit sank at the end of last year but its margins were better than expected.
The Seattle, Washington-based company reported a profit of $97 million on sales of $21.27 billion in the fiscal quarter that ended on December 31.
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