Image copyrightGetty Images

Amazon delivered another quarter of sales growth above 20%, but a spike in shipping costs cut the firm's bottom line.

Shares dropped sharply in after-hours trade after the e-commerce giant said profits fell by about 25% to $2.1bn in the three months to 30 September.

The firm said it spent nearly $10bn (£7.78bn) on shipping

Write comment (90 Comments)
Medtech firm wins €2.3m funding for heart trials
NUI Galway spinout firm AtriAN Medical has attracted €2.3m in seed funding to finance its clinical trials of a new device developed in partnership with the Mayo Clinic in Minnesota, USA.

Write comment (90 Comments)
Eir launches new 5G service in ten towns and cities - but it's going to be pricey
Eir Mobile has launched its new 5G service across 100 sites in five cities and the towns of Carlow, Castlebar, Dundalk, Drogheda and Kilkenny.

Write comment (100 Comments)
Canon hints at professional mirrorless camera and unveils 1DX Mark iii
Canon is to make a high-end mirrorless camera in the near future, the company says. Canon will give no details other than to say that it has dual card slots, but it points to a mirrorless version of its 5D Mark IV camera sometime next year.

Write comment (98 Comments)
'One million volunteers needed to tackle invasive non-native species'
One million volunteers are needed to tackle the growing threat posed by invasive non-native species such as giant hogweed which are costing the economy £1.7bn a year, MPs have said.

Write comment (95 Comments)
Tesla doors 'wouldn't unlock' as driver burned to death
A doctor in Florida burned to death because the battery in his Tesla burst into flames and the car's futuristic door handles wouldn't allow a police officer to rescue him, according to a legal complaint.

Write comment (97 Comments)