Amazon Third Quarter Profits Drop 73%
Amazon just released its third quarter sales, indicating that net income is at $63 million, or $0.14 a share, down from $231 million, or $0.51 a share a year ago. This is a 73% drop in quarterly profit from the third quarter of 2010. Thomson Reuters I/B/E/S reports that analysts expected Amazon's third-quarter earnings to land at 24 cents per share…