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An Upside Surprise From Amazon.com

Posted by: Rob Hof on October 24, 2006

After shocking investors in the second quarter with disappointing earnings, Amazon.com turned the tables today with a surprisingly positive third quarter. Clearly, it’s still spending a lot on new technologies and on free shipping, and it’s unclear when those will pay off. But investors seem pleased that Amazon generally upped its forward guidance, if only a tad. The stock’s up 14% after-hours.

Here’s my take on the quarter.

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Bloomberg Businessweek writers Peter Burrows, Cliff Edwards, Olga Kharif, Aaron Ricadela, and Douglas MacMillan, dig behind the headlines to analyze what’s really happening throughout the world of technology. Tech Beat covers everything from tech bellwethers like Apple, Google, and Intel and emerging new leaders such as Facebook to new technologies, trends, and controversies.

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