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Amazon.com shares cut 15% late after retailer posts 73% profit slide and lower forecast

SAN FRANCISCO (MarketWatch)
Amazon.com Inc. said Tuesday afternoon that earnings plunged by 73% in the third quarter as a sharp ramp-up in spending offset a strong surge in sales.
For the period ended Sept. 30, Amazon reported net income of $63 m…

SAN FRANCISCO (MarketWatch)
Amazon.com Inc. said Tuesday afternoon that earnings plunged by 73% in the third quarter as a sharp ramp-up in spending offset a strong surge in sales.
For the period ended Sept. 30, Amazon reported net income of $63 m…