Profits

Amazon's speedy one-day shipping is denting its profits

A wall with the Amazon logo on it.
An Amazon warehouse outside Paris. Photo: Philippe Lopez/AFP via Getty Images

Amazon shares fell more than 6% Thursday after the company's quarterly earnings fell for the first time in two years, coming in below analysts' expectations.

Between the lines: Amazon had been posting record profits in recent quarters, but its move to offer one-day shipping to Prime customers is clearly denting the bottom line. Last quarter, the company spent nearly $10 billion on shipping, but the company has long been willing to sacrifice short-term profitability to make moves that are popular with consumers and are hard for rivals to match.

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Health care stocks roar after J&J, UnitedHealth beat earnings

Traders look at screens on the floor of the New York Stock Exchange.
Health care traders are happy. Photo: Drew Angerer/Getty Images

The stock prices of health care companies shot up Tuesday after UnitedHealth Group and Johnson & Johnson, two of the industry's bellwethers, both posted Q3 earnings that exceeded expectations.

Between the lines: Some of the biggest gains accumulated to UnitedHealth and its health insurance peers. UnitedHealth said its insurance division paid out fewer dollars for medical care than projected, raising hope on Wall Street that other insurers were in the same boat.

Go deeper: Health care stocks aren't having a great year