Strong Holiday Season Lifts Amazonâs Revenue
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The online retailerâs revenue was up 42 percent in its fourth quarter and its profits more than doubled, but its  profit margins were lower.
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Web retailer Amazon.com Inc. said Tuesday that its third-quarter profit more than quadrupled as shoppers around the world bought more books, music, electronics and other goods than they did in the same period a year ago.
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SEATTLE -- Amazon.com Inc. made more money in the third quarter than Wall Street had expected, but investors must have been looking for perfection.
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The company, which is in the midst of restructuring its business to lift sales, reported strong revenue growth across all divisions.
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Amazon.com Inc., the online retailing giant, on Thursday reported profits that surpassed year-ago results but came in below analyst expectations.
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Shares of online retailer Amazon.com  Inc rose more than 2 percent on Wednesday after the company  said the 2007 holiday season was its strongest to date.
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Market research firm reports online spending was strong this holiday season, up 19 percent from last year.
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Online retailer Amazon.com  posted a sharp rise in third-quarter net profit on Tuesday, helped by robust domestic and international sales and the latest Harry Potter book.
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Amazon.com Inc.  posted on Thursday a quarterly profit that fell 51 percent but still beat analysts' expectations, helped by healthy holiday sales of electronics.
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Shares of Amazon.com rose nearly 9 percent yesterday after the Seattle online retailer said it recorded its best holiday season ever.
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Many area retailers reported having a strong start to the holiday season as customers lined up early for after-Thanksgiving sales.
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It's shaping up to be a very  merry holiday season for online retailers.
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Web retailer Amazon.com Inc. said Tuesday that its third-quarter profit more than quadrupled, and its shares topped $100 in regular trading, but the stock fell back to $90 as concerns over margins overshadowed an otherwise strong quarter.
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U.S. stocks strengthened on Tuesday on  sharply stronger consumer confidence data and gains in Internet  stocks following a brokerage's upgrade of Web retailer  Amazon.com Inc. AMZN.O.
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Amazon.com Inc.&#39;s holiday sales set a record on strong demand for electronics and books, while Wal-Mart Stores Inc. said December sales at its US discount stores are rising
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Shares of online retailer Amazon.com Inc rose more than 2 percent on Wednesday after the company said the 2007 holiday season was its strongest to date.
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Shares of Amazon.com Inc. rose nearly 9 percent Monday after the online retailer said it recorded its best holiday season ever.