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The Guardian - US
The Guardian - US
Technology
Callum Jones

Amazon profits nearly triple as company reports $143.1bn in revenue

The logo of Amazon is seen at the company logistics center in Boves, France, on 8 August 2018.
Amazon profits surged to $9.9bn, from $2.9bn a year ago. Photograph: Pascal Rossignol/Reuters

Profits almost tripled at Amazon in the latest quarter as consumers continued to spend heavily despite the sharp rise in interest rates.

The world’s largest retailer forecast that sales would continue to rise at a robust pace for the rest of the year. Growth had been knocked by surging prices and customers returning to bricks-and-mortar stores.

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