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Amazon posts increased earnings, revenue

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Amazon reported a 20 percent increase in fourth-quarter revenue to $72.4 billion, beating the $71.9 billion analysts expected.

Amazon posted increased earnings per share of $6.04 on net income of $3 billion. That's better than the $5.68 per share analysts projected.

Amazon forecasted between $56 billion and $60 billion in first-quarter sales, below Wall Street's expectations.

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