Amazon Posts 10-Year Sales Record
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Web retailer Amazon.com Inc. AMZN.O  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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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. -Reuters
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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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Amazon.com apparently has greater sales in electronics than books for the very first time.
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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 has reported fourth quarter sales of $3.99 billion, up significantly on the $2.98 billion it achieved a year previously. Although revenue growth continues to be fast despite Amazon's large size and relative maturity, profits are a different story.
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Online retailer Amazon reported that its profits plummeted in the year-end quarter of 2006 despite record holiday-season sales.
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Amazon.com Inc. officials reported a quarterly profit that just missed analysts' estimates, but the company said it expects a record holiday season and outlined a heady expansion plan.
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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.
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Online retailer Amazon.com Inc.  AMZN.O 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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Amazon.com said the 2007 holiday season, the 13th for the online retailer, was its best ever, and Dec. 10 was the busiest shopping day of the season.
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Amazon.com Inc  on Friday said its board authorized the repurchase of up to $1 billion of the company's common stock over the next two years, and its shares rose 3.2 percent before the bell.
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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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SEPTEMBER 15, 2004 (IDG NEWS SERVICE) - Internet retailer Amazon.com Inc. officially moved into the search engine market with the unveiling late yesterday of its Internet search engine, A9.
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Global semiconductor sales reached a record $248 billion last year, driven largely by favorable economic conditions and rising demand for consumer electronics such as high-definition TVs, digital music players and cell phones, an industry group said Friday.
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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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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, jump-starting the online retailer&#39;s busiest