Kids may be just wild about Harry, but wizard magic alone is not enough to help out Amazon, whose shares are down today after turning in disappointing third quarter results.

Even though the latest Harry Potter offering sold over 1.6 million copies, Amazon saw a 44 percent dip in profit in the third quarter, though sales are up by 27 percent.

Of course much of the drop can be explained by a one-time payment of $40 million to Chicago-based Soverain Software, part of a settlement in a patent-infringement case.

The Internet Stock Blog has comments from Amazon execs and MSN Money has more analysis.

Related: Piracy Plagues New Harry Potter

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