Shares in the online retailer dropped 12% after announcing a net profit of $482m in final months of 2015,a gain that was less than analysts had been expectingAmazon recorded it largest ever quarterly profit over the holiday quarter but missed Wall Street’s estimates by a wide margin, sending its share price into a tailspin.Shares in the world’s largest online retailer plunged 12% on Thursday after it announced a net profit of $482m for the three months ending 31 December – up from $214m a year earlier. The company notched up $35.75bn in sales in final year’s final three months.
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Source: theguardian.com