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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Online retailer Amazon.com Inc.  on Monday said it set a one-day selling record this year and logged its busiest holiday shopping season in its 10 years.
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The hard drive maker on Tuesday raised its quarterly  revenue and profit forecasts for the December quarter on strong  seasonal demand for newer products, surpassing analysts'  forecasts.
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The retailer's earnings improve a lot despite soft sales.
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Amazon.com Inc. said Thursday its fourth-quarter earnings fell 51 percent from a year ago in the all-important holiday season, hurt by higher tax-related charges. The Internet retailer's results were just ahead of Wall Street's expectations.
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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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Web retailer Amazon.com warns profit growth over the next three months will slow despite a strong Christmas.
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Amazon.com Inc.'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 about 2 percent as shoppers completed their Christmas purchases.
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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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Confirming predictions of a huge Christmas for e-commerce, Amazon.com said Monday that it enjoyed its biggest holiday season ever, and that for the first time in its history it sold more consumer
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Booksellers are enjoying brisk business since the traditional start of the holiday shopping season, with sales starting the week of Thanksgiving up sharply over 2003.
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Amazon.com Inc.'s second-quarter profit more than tripled, boosted by strong sales of books, music and electronics worldwide. The Web retailer's stock soared 11.3 percent in after-hours trading.
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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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Amazon.com\\'s sales surged during the holiday season, and profits climbed, too, mainly because of a tax break. But the online retailer\\'s profit fell a few pennies a share short of Wall Street\\'s expectations for a third-consecutive quarter, and investors drove its shares down  in after-hours trading.
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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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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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DECEMBER 27, 2004 (REUTERS) - Online retailer Amazon.com Inc. today said it set a one-day selling record and logged its busiest holiday shopping season in its 10 years.