Amazon profits sink 44 percent on settlement
Internet retailer Amazon.com said Tuesday that third-quarter profit fell 44 percent, in large part because of the settlement of a patent-infringement lawsuit.
In a report released after the markets closed, the Seattle-based company said its net earnings were $30 million, or 7 cents a share, for the three months ended Sept. 30, down from $54 million, or 13 cents a share, a year earlier.
Read the complete story here. (AP via Yahoo)
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