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Amazon.com Inc. is struggling to make money as quickly as it spends it, putting the squeeze on the online retailer’s latest financial results and crimping its outlook.
The Seattle-based e-commerce giant on Tuesday said its fourth-quarter revenue rose 35% from a year earlier, but profit plunged 57% as the company continued to spend on warehouses, technology and its Kindle electronic devices. Amazon’s operating expenses rose 38% in the quarter from a year earlier.
Amazon also forecast (...)