Amazon posts another record profit, but revenue disappoints
World BusinessOct 26, 2018
NEW YORK (AP) -- Amazon reported another record quarterly profit Thursday, fueled by the growth of online shopping and its cloud-computing service. But its revenue grew less than Wall Street analysts expected, and Amazon's shares fell after the results were released. (AP)The company, based in Seattle, has boosted its profitability as it expanded far beyond online shopping. For years, the company posted razor-thin quarterly profits, spending most of what it earned on building warehouses and mak