Amazon posts big quarterly profit drop; shares fall
Amazon.com Inc
Amazon said fourth-quarter net income was $177 million, or 38 cents per share, down from $416 million, or 91 cents per share, a year earlier.
Revenue came in at $17.43 billion, up 35 percent from the fourth-quarter of 2010.
Amazon shares dropped more than 9 percent in after-hours trading following the results.
(Reporting By Alistair Barr; Editing by Richard Chang)
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