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The Boston Globe

Business

Amazon income falls on higher costs

NEW YORK — Amazon.com says its fourth-quarter net income fell 45 percent, as higher revenue failed to keep pace with increased spending on order fulfillment and digital content.

Revenue, along with revenue guidance for the current quarter, missed Wall Street’s expectations — but investors still sent the world’s top online retailer’s stock up more than 10 percent in after-hours trading.

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