Amazon.com post impressive profits
October 24th, 2007 Leave a comment Visited 77 times, 1 so far today
Amazon.com post impressive profits
Online retailing giant Amazon.com has reported that their third-quarter profit more than quadrupled.
The company gained from increased sales of books, music, electronics and other goods. Amazon also gained at the stock market as its share touched $100 in regular trading.
Amazon’s revenue touched $80 million, or 19 cents per share. This is an impressive improvement compared to $19 million, or 5 cents per share in the same period last year.
The revenues were up at $3.26 billion. This is above market expectations of $3.14 billion.
Amazon also had some statistics to show. The company said that they sold 2.5 million copies of “Harry Potter and the Deathly Hallows”. They however made little profit on its sales due to heavy discounts.
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October 24th, 2007 at 4:40 am
Amazing how much creativity Amazon exhibits. With the continuation of this kind of creativity and experience Amazon should be on top of the Internet retail business for some time. http://www.newsvisual.com/newsvisual/2007/10/amazon.html