Amazon shrugs off high gas prices, weak economy

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Packages from Amazon.com are delivered in New York on Tuesday July 22 2008. Seattle-based online retailer Amazon.com reports earnings Wednesday July 23 after market close. (AP PhotoMark Lennihan)
Packages from Amazon.com are delivered in New York on Tuesday, July 22, 2008. Seattle-based online retailer Amazon.com reports earnings Wednesday, July 23, after market close. (AP Photo/Mark Lennihan)

(AP) -- Amazon.com Inc. doesn't seem to be bothered by high gas prices or the sputtering U.S. economy. On Wednesday, the Internet retailer reported second-quarter earnings that more than doubled and easily topped analysts' expectations. It also raised its full-year revenue projections.


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