Results 1 to 1 of 1
July 24th, 2007, 07:54 PM #1Amazon net profit jumps on strong U.S. sales, stock zooms
Amazon.com Inc. posted quarterly net profit on Tuesday that more
than tripled, surprising Wall Street as U.S. sales jumped and the company
raised its 2007 sales and operating earnings outlook, sending shares up more
than 20 percent.
"It's an amazing performance," said Bernstein Research analyst Jeffrey
Lindsay. "A lot of it (growth) seems to have come in the United States, which
is particularly surprising since that's considered Amazon's most mature
Profit margins widened in a good sign for investors concerned that the Web
retailer in recent years has focused on sales growth at the expense of earnings.
Amazon raised its full-year sales forecast to a range of $13.8 billion to $14.3
billion. Previously, the company said it expected a range of $13.4 billion to
AMZN stock is up over 20% in after-hours trading, BTW.
Featured: Amazon's Spending Habit Hurts ProfitBy Chuck Hamrick in forum Midnight Cafe'Replies: 0Last Post: February 1st, 2012, 12:27 PM
By Adam Ward in forum Midnight Cafe'Replies: 1Last Post: September 29th, 2009, 09:53 AM
By jackson992 in forum GoldenCANReplies: 0Last Post: January 19th, 2006, 01:38 AM
By stfarm45 in forum Programming / Datafeeds / ToolsReplies: 0Last Post: March 2nd, 2005, 09:44 PM