Thursday, February 17, 2011

AMAZON 2Q PROFIT FALLS WITH TOYS R US SETTLEMENT (AP)



FILE - In this March 4, 2009 file photo, an Apple iPhone equipped with Amazon.com's Kindle for iPhone book reader is shown in New York. Amazon.com Inc. said Thursday that its second-quarter earnings fell while sales rose, due to a $51 million payment to settle a long-standing dispute with former partner Toys R Us. The profit still beat Wall Street estimates, though. (AP Photo/Mark Lennihan, file)AP - Amazon.com Inc. said Thursday that its second-quarter earnings fell while sales rose, due to a $51 million payment to settle a long-standing dispute with former partner Toys R Us. The profit still beat Wall Street estimates, though.




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