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Amazon swings to Q1 loss on higher expenses; Web Services booms

2015-04-25 11:24:04| IT Services - Topix.net

Seattle Increases in expenses including fulfillment, marketing and technology helped swing Amazon.com to a net loss of $57 million in the first quarter of fiscal 2015 from net income of $108 million the same quarter a year earlier. Amazon met Wall Street expectations with the loss.

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