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MARKET MOVERS

Demand for Kindle lifts Amazon shares

  April 29, 2012

Amazon.com Inc., the world’s largest Internet retailer, beat analysts’ first-quarter revenue and earnings estimates on buoyant demand for Kindle devices and e-commerce services for outside vendors. Net income was $130 million, or 28 cents a share, vs. $201 million, or 44 cents, a year earlier. Amazon aims to add customers by pouring money into new versions of the Kindle and warehouses equipped to send out products faster.

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