Amazon Q3 net income sinks, missing analyst views
World BusinessOct 26, 2011
SAN FRANCISCO (AP) ― Amazon’s spending on expansion will eventually help its bottom line, but right now it’s costing the online retailer on Wall Street.The Seattle-based company’s third-quarter net income fell 73 percent despite revenue growth as Amazon built sales fulfillment centers at a rapid clip. Neither that drop nor its revenue outlook for the current quarter made investors happy.Its stock fell more than 12 percent after hours.Amazon.com Inc. earned $63 million, or 14 cents per share, for