YOU CAN LOOK IT UP: AMAZON PROFIT DIPS

Amazon.com Inc. reported a decline in second-quarter profit and lower revenue than analysts anticipated after the online retailer discounted products. The stock dropped 8.6 percent in late trading.

Net income fell to $142 million, or 32 cents a share, from $158 million, or 37 cents, a year earlier, the Seattle-based company said yesterday in a statement. Sales rose 14 percent to $4.65 billion.

Amazon.com, the world’s largest Internet retailer, has cut prices and added products, such as low-cost notebooks and outdoor equipment. Its low prices and free-shipping offers have started to eat into profit, said Aaron Kessler, an analyst at Kaufman Brothers LP in San Francisco.

“It’s definitely not a home run,” Kessler said. He has a hold rating on the shares. “This is more of a double. It’s a good quarter, but they needed to do a lot more.”

Amazon.com fell $8.10 to $85.77 in extended trading after the results were released. The shares, up 83 percent this year, closed at $93.87 on the Nasdaq.