Amazon.com Inc. profit is projected to be down by half in the third quarter, after the world’s largest online retailer developed a new lineup of Kindle e-readers that will weigh on margins.
The Seattle-based company, which reports earnings today, may post net income of $115.8 million, a 50 percent drop from a year ago, based on the average analyst estimate compiled by Bloomberg. Earnings will be 24 cents a share, compared with 51 cents the year prior, the data show.
