Amazon Posts Profit, Outlook Disappoints
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Amazon.com Inc.  on Thursday posted quarterly earnings that more than tripled on strong international sales but offered an outlook for the current quarter and next year that was below the more bullish analyst forecasts, sending its stock down 8 percent.
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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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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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Online retailer Amazon reported that its profits plummeted in the year-end quarter of 2006 despite record holiday-season sales.
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Stock futures fell on Wednesday as Merrill Lynch & Co. Inc  reported its first quarterly net loss in nearly six years and as earnings by Amazon.com Inc  disappointed some investors.
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Amazon disappoints the market, but it could be the sale that you've been waiting for.
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Costco Wholesale Corp. , the  largest U.S. warehouse club operator, on Wednesday posted  lower-than-expected quarterly profit, hurt by higher taxes and  soaring oil prices that pressured margins at its gas stations.
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Amazon.com stock is back in the stratosphere, propelled by improved profit margins and swelling revenues.
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Shares of Amazon.com AMZN.O fell more  than 16 percent on Thursday after the online retailer reported  earnings that fell short of analysts estimates and raised  concerns the company was focusing more on sales than profits.
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Amazon.com Inc. AMZN.O on  Wednesday posted a quarterly profit that missed Wall Street  estimates and it unveiled a costly new shipping program that  heightened concern about falling margins, sending its shares  tumbling 14 percent.
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Amazon.com Inc  reported on Wednesday a huge rise in quarterly net profit, boosted by a 42 percent rise in revenue during its important holiday season.
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Plus: Matsushita profit up 22 percent...Amazon's profit up, margins squeezed...SAP cautious on 2008...Yahoo profit falls.
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The company said quarterly profit rose to $494 million despite a slowing U.S. economy, but it lowered its full-year earnings outlook.
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Internet media company Yahoo Inc.   on Tuesday reported a dip in quarterly profit in line  with previously lowered expectations, weighed down by weak  brand advertising and recent management turmoil.
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Earnings expectations were trounced, but projections don't measure up.
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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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Amazon.com Inc. AMZN.O on  Thursday posted quarterly earnings that more than tripled on  strong international sales but offered an outlook for the  current quarter and next year that was below the more bullish  analyst forecasts, sending its stock down 8 percent.