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.

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