UPDATED 19:46 PM EST, January 29, 2013
NEW YORK (AP) — Amazon's fourth-quarter net income fell 45 percent, as sharply higher revenue failed to keep pace with increased spending on order fulfillment and digital content, a trend that's become the norm for the world's largest online retailer.
The company's financial results missed Wall Street's expectations — but investors sent the world's top online retailer's stock up more than 7 percent in after-hours trading.
