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Amazon profits miss as expenses surge

July 26, 2019

Amazon on Thursday said that its move to speed up Prime delivery to one day is costing a bit more than the $800 million they’d predicted last quarter.

“That number’s probably going to come out north of a billion dollars,” Jon Reily, executive vice president of retail and e-commerce at Publicis Sapient, told Retail Dive in an interview, noting that not only did revenues rise 20%, but profit also rose significantly, even if it missed expectations.

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