SEATTLE, United States — E-commerce giant Amazon.com Inc’s profit in the holiday quarter missed analysts’ estimates by a wide margin as operating expenses rose and growth slowed in its cloud services business.
Shares of the world’s biggest online retailer plunged nearly 15 percent to $542 in extended trading on Thursday.
The company’s total operating expenses surged more than 20 percent to $34.64 billion in the fourth quarter.
Amazon has been spending on rolling out several new services…
Amazon"s Profit Misses Estimates as Costs Jump
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