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Earnings Drive Amazon to Record High
Amazon stock rose more than 10 percent in after hours trading after its earnings beat forecasts. The online retailer reported revenue jumped 22 percent in the crucial holiday period. Operating income surged 56 percent and the company had its highest profit margin in over three years in North America. Also out today: Ford earnings beat forecasts- but warned of a $2 billion loss in Europe this year because of the recession.
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