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February 1st, 2012, 12:27 PM #1Amazon's Spending Habit Hurts Profit
This is the first significant negative news about Q4 and I wonder if it will be followed with more.
The Seattle-based e-commerce giant on Tuesday said its fourth-quarter revenue rose 35% from a year earlier, but profit plunged 57% as the company continued to spend on warehouses, technology and its Kindle electronic devices. Amazon's operating expenses rose 38% in the quarter from a year earlier.
Wonder if there were any impact from the tax nexus issues in states like California?
Amazon's Spending Habit Hurts Profit
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