Amazon Posts 10-Year Sales Record
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Web retailer Amazon.com Inc.  said on Monday it set a one-day selling record this year as it logged its busiest holiday shopping season in its 10-year history, news that sent shares up nearly 9 percent.
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Amazon is selling storage, computing power and other behind-the-scenes data center services.
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It was a happy holiday shopping season for Amazon (AMZN). The e-commerce giant reported sales of $3.99 billion for the last three months of 2006, a 34% increase that beat the Street's average estimate of $3.77 billion.
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Revenues at online retailer Amazon.com get a boost from sales of the latest Harry Potter book.
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Amazon.com Inc.  posted  quarterly net profit on Tuesday that more than tripled,  surprising Wall Street, as U.S. sales jumped, sending shares up  17 percent after-hours.
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This year isn't looking quite as sweet for Amazon.com shareholders as 2007. Despite a possible recession in the U.S. economy, the Web retailer said it expects sales to rise briskly again in 2008. But the gains won't translate as readily to bottom-line growth.
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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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Amazon.com Inc. has taken more than a million pre-orders for the final "Harry Potter" book due out in July, but the world's largest Web retailer won't make a profit, Chief Executive Jeff Bezos told shareholders at the company's annual meeting Thursday.
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Critics thought it was over the top when Amazon.com Inc. expanded from books into music in 1998. When the Web retailer let competitors start selling things alongside its own inventory in 2000, they said Amazon had gone nuts.
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Amazon.com Inc. reported net sales of $1.46 billion in its third quarter, while Google reported $805.9 million in revenue, an increase of 105% over the same quarter last year.
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Amazon.com Inc. on Monday said sales of consumer electronics surpassed book sales for the first time and was its largest sales category over the Thanksgiving weekend, launching the online retailer's busiest holiday selling season in 10 years.
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Online retailer Amazon.com said it had record sales during this year's holiday season.
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The market's shown mixed feelings for Amazon over the past year.
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The footwear and apparel maker set records for the fourth quarter and full year.
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Shares of online U.S. retailer Amazon.com Inc rose more than 2 percent on Wednesday after the online retailer said the 2007 holiday season was its strongest since it opened in 1994.
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Holiday traffic to Amazon.com surpassed traffic to eBay.com for the first time, according to Nielsen Online.
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Amazon.com Inc.&#39;s (AMZN.O: Quote, Profile, Research) days as a hot-shot dot-com may be behind it as the Internet retailer&#39;s slowing growth makes its business suspiciously