Amazon profit falls 32.8 percent though sales soar

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By Phil Wahba | April 27, 2011 6:29 AM EST

Amazon.com Inc reported that first-quarter sales rose 38.2 percent, above analysts' forecasts.

Net income for the world's largest online retailer was $201 million, or 44 cents per share, down 32.8 percent from $299 million, or 66 cents per share, a year earlier. Revenue was $9.86 billion.

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