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Technology Stocks : Amazon.com, Inc. (AMZN)

AMZN 254.00

+4.0%

9:30 AM EST

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From: Sr K	10/27/2022 4:41:15 PM
	of 164684

10/27/2022 Amazon Swings to Profit as It Battles Slowdown in E-Commerce The online retailing giant’s earnings recovered after two quarters of losses With demand slowing, Amazon has been subleasing millions of square feet of excess warehouse space. PHOTO: SEBASTIAN HIDALGO FOR THE WALL STREET JOURNAL By Sebastian Herrera Updated Oct. 27, 2022 4:31 pm ET SHARE Listen to article (2 minutes) Amazon.com Inc. returned to profitability last quarter even as inflation and recession fears dented consumer sentiment. The company said its sales in the third quarter rose 15% from a year earlier to $127.1 billion, following two consecutive quarters of losses. Its net income fell nearly 9% to $2.9 billion. Exc.

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