Amazon Profit Falls but Margin Widens

Amazon.com Inc.’s first-quarter profit declined 37 percent as the e-commerce giant continued to see its results dragged down by its aggressive expansion plans, but gross margin widened to 26.6 percent from 24 percent.

The e-commerce giant reported a profit of $82 million, or 18 cents a share, down from $130 million, or 28 cents a share, a year earlier.

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