Amazon Punches Out 20% Increase in Sales and a Record $3 Billion Profit in Q4

Amazon again topped Wall Street expectations, posting revenue up 20%, to $72.4 billion, and a record net profit of $3 billion for the fourth quarter of 2018. The ecommerce giant’s net income increased 58%, to $3.0 billion in the fourth quarter, or $6.04 per diluted share. That’s even more impressive considering that the fourth quarter […]

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