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Market recap: Amazon's profit more than doubles, but its stock takes a hit

2016-01-31 00:49:16| Paper - Topix.net

Up but short: Amazon's stock dropped 8 percent to $587 Friday after the e-commerce company reported late Thursday that its profit more than doubled, but still fell short of forecasts because of increased costs. Paper cuts: WestRock shares fell 11.4 percent to $33.44 Monday, and International Paper fell 5.6 percent to $34.40 after investment firms downgraded the stocks over concerns about product prices.

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