26 July 2012 Last updated at 20:50 ET
Sales of Amazon's e-books continue to be helped by its Kindle Fire, but the strong dollar has hit revenue
The online retailer Amazon has reported a 96% fall in profits to $ 7m (£4.5m) for the three months ending in June, down from $ 191m a year earlier.
The company blamed the fall on a $ 65m loss from its purchase of robot-maker Kiva systems earlier this year.
Sales rose 29% to $ 12.8bn, slightly lower than analyst predictions.
The company also blamed the strong dollar, which made its products more expensive in
Thursday, 26 July 2012
Robot deal knocks Amazon profits
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