Amazon reports 96% fall in Q2 profit on robot deal
Sales of Amazon's e-books continue to be helped by its Kindle Fire, but the strong dollar has hit revenue
The online retailer Amazon has reported a 96% fall in profits to $7m (£4.5m) for the three months ending in June, down from $191m a year earlier.
The company blamed the fall on a $65m loss from its purchase of robot-maker Kiva systems earlier this year.
Sales rose 29% to $12.8bn, slightly lower than analyst predictions.
The company blamed the strong dollar, which made its products more expensive in Europe and other key markets.
Amazon also warned it would make a loss of between $50m and $350m in the current three month period.
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