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Black Ink Spells Rally at Amazon
Updated from 7:24 a.m. EST
Amazon.com (AMZN Quote) kept a much-watched promise Tuesday while breaking with a few long-standing traditions. Its stock reaped the benefits.
The online bookseller put a halt to its time-honored rite of losing money, posting a fourth-quarter profit on both the expense-light pro forma basis and the more conservative generally accepted accounting principles, or GAAP, basis. Fourth-quarter sales surged to $1.12 billion, well above Wall Street's target. ...
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