Amazon takes 10 percent profit decline

Amazon takes a 10 percent profit decline in the second quarter and misses analyst expectations. The company's net income dropped from $142 million ( $0.32 a share ) from $158 million ( $0.37 a share ) from one year ago.

Net sales for the Seattle-based Internet Retail company climbed to $4.65 billion ( or 14 percent ), which fell below Wall Street expectations for the quarter. $4.67 billion was the growth projection for the quarter.

A settlement with Toys-R-Us hurt the company's growth for the period. Fluxuations in the global market also hurt the company's growth.

Shares were down by 6.6 percent after the statement was issued by the company.