Amazon profit cut in half, sales up 34%; shares up on forecast

4:30 pm ET Feb 1, 2007

DJIA

12,673

+51.99

S&P

1,445

+7.70

NASDAQ

2,468

+4.45

10Yr

4.84%

+0.011

Amazon profit cut in half, sales up 34%; shares up on forecast

Amazon.com Inc. late Thursday reported its profit dropped by half, even
as sales rose 34%, as the company lost the benefit of a large tax gain
it had a year ago and saw its operating margin narrow.