Amazon increases profits by 68% in third quarter
Submitted by Sarah Clark on November 20, 2009 – 1:34 pm5 Comments
Amazon.com has announced an increase in profitability of 68% for the third quarter of its financial year, which ended on 30 September.
Overall, net sales increased 28% to $5.45 billion and net income rose to $199 million.
International segment sales, representing the cpmpany’s UK, German, Japanese, French and Chinese sites, were $2.61 billion, up 33% from the third quarter 2008. Excluding the unfavorable impact from year-over-year changes in foreign exchange rates throughout the quarter, international sales grew 35%.
Looking ahead to the fourth quarter, net sales are expected to be between $8.125 billion and $9.125 billion, an increase of between 21% and 36% compared with the fourth quarter 2008.
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This is it! RT @etail: Amazon increases profits by 68% in third quarter: International sales are up 35% on a year ago http://bit.ly/1nHPFk
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Great news from Amazon profits up 68% in Q3 – http://www.internetretailing.net/2009/11/amazon-increases-profits-by-68-in-third-quarter/
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Amazon increases profits by 68% in third quarter http://bit.ly/3Kvh3v
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Internet Retailing » Amazon increases profits by 68% in third quarter http://bit.ly/4D41TF
This comment was originally posted on Twitter
Internet Retailing » Amazon increases profits by 68% in third quarter http://bit.ly/4D41TF
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