By Dan Gallagher, MarketWatch
SAN FRANCISCO (MarketWatch) — Amazon.com Inc. reported a sharp drop in first-quarter earnings Tuesday afternoon, with growing expenses offsetting a strong gain in sales.
The online megaretailer /quotes/comstock/15*!amzn/quotes/nls/amzn AMZN -1.68% also issued a forecast for operating income in the second quarter that was well below Wall Street’s estimates. The stock initially fell more than 3% in after-hours trading following the report but later recovered,
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