Amazon posts Q2 profits on higher revenues

Amazon.com said this evening it posted a profit on higher revenues as it continued to drive stronger sales with aggressive pricing…

Amazon.com said this evening it posted a profit on higher revenues as it continued to drive stronger sales with aggressive pricing and free shipping incentives.

The Web's largest retailer reported a second-quarter net income of $76 million, or 18 cents per share, compared with a year-earlier net loss of $43 million, or 11 cents per share.

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