Amazon Weighs on Tech Sector -- Technology Roundup

Features Dow Jones Newswires

Shares of tech companies were under pressure after a surprisingly weak earnings report from Amazon.com.

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Amazon posted its skimpiest quarterly profit in about two years as spending on warehouses, delivery capacity and data centers ate into the margins it made on $38 billion in quarterly sales--a growth rate of 25%.

Troubled ride-hailing giant Uber is interviewing Jeff Immelt, the outgoing chief executive of General Electric for the CEO job vacated by controversial Uber founder Travis Kalanick, The Wall Street Journal reported.

-By Rob Curran, rob.curran@dowjones.com

(END) Dow Jones Newswires

July 28, 2017 18:14 ET (22:14 GMT)