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Amazon Profits Crash 44 Per Cent

Posted on: Wednesday, 26 October 2005, 06:00 CDT

=The internet retailer Amazon said last night that its third- quarter profits fell 44 per cent, in large part because of the settlement of a patent-infringement lawsuit

. The report, released after the markets closed, stoked concerns about the pace of growth and sent its shares down more than 7 per cent in after-hours trading.

Source: Independent, The; London (UK)

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