Amazon sees lower operating profit this quarter, shares dipAmazon.com Inc forecast an unexpected dip in operating profit for the current quarter, sending shares down more than 4 percent due to concerns about the costs of investments including new warehouses and video content. The Seattle-based company is spending heavily to take greater control of package delivery and to expand its video service around the world. For years, Amazon has posted roller-coaster results as founder and Chief Executive Jeff Bezos emphasizes building up businesses rather than making an immediate profit. This has made some investors uneasy and, after periods of Amazon's growth, quick to sell shares when forecasts miss expectations. Amazon had reported operating income of $1.1 billion for the same period last year.

Source: VietNamNet News February 03, 2017 07:33 UTC