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Amazon Stock Falls on Mixed Earnings Report and Weak Forecast



Amazon

Com traded higher late Thursday after the company posted mixed results for the fourth quarter, with better-than-expected sales growth but weaker-than-anticipated profits, largely due the company's stake in the electric-truck maker. Due to the damage at Rivian .

Revenue at the company's closely watched Amazon Web Services unit came in a bit shy of expectations. The company's revenue outlook for the first quarter came in well below consensus estimates.

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