Amazon.com doubles profit in the second quarter

Amazon.com boost profits

Online retailing giant Amazon.com has come out with their latest quarterly report and the company has managed to double their second-quarter profit.

With this, the company has easily managed to exceed the market’s expectations.

The company said that their earnings in the period were $158 million, or 37 cents per share. This is very impressive compared to earnings of $78 million, or 19 cents per share in the same period last year.

The revenues of the company were also up at $4.06 billion. An improvement of around 40 percent.

Amazon.com said that they gained from improved sales of books, CDs and DVDs in addition to electronics and other general merchandise.