Amazon posts 48% profit rise but remains cautious

Oct 23, 2008 | Uncategorized

Third quarter profits at Amazon were up 48% with revenues climbing 31%, writes The Financial Times. Net income was $118m, from $80m in 2007, while revenues reached $4.26bn from 3.26bn in 2007. International sales continued to grow and represented 46% of all revenues. Q4 sales are expected to fall between $6bn and $7bn with year-on-year […]

Third quarter profits at Amazon were up 48% with revenues climbing 31%, writes The Financial Times. Net income was $118m, from $80m in 2007, while revenues reached $4.26bn from 3.26bn in 2007. International sales continued to grow and represented 46% of all revenues. Q4 sales are expected to fall between $6bn and $7bn with year-on-year quarterly growth ranging from 6% to 23%. The firm now expects full-year sales of $18.46bn-$19.46bn – down from its previous estimate of $19.35bn-$20.1bn.
In the UK, the firm has cut its threshold for free delivery from £15 to £5, mirroring moves it made in the US last year.
From The Financial Times: http://www.ft.com, 23/10/2008
Amazon UK: http://www.amazon.co.uk

All topics

Previous editions

Get email edition

Share This