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Amazon Earnings Disappoint, and One-Day Shipping is to Blame

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Amazon’s one-day Prime shipping is eating into profits, but the company plans to stay the course as it continues to wage war against competitors. In an earnings call Thursday, Brian Olsavsky, the company’s CFO, revealed that Amazon’s second quarter profits rose 3.6 percent to $2.6 billion, from the same period a year ago. That brings cost per…

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