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Shaping the Perception of Haiti
Amazon Parties Like It's 1999
Melanie Lindner, from Forbes.com
Amazon just triple their revenue from last, is this Internet base retailer got it that easy?
Melanie Lindner, from Forbes.com
Amazon just triple their revenue from last, is this Internet base retailer got it that easy?
Amazon.com (nasdaq: AMZN - news - people ) reported amazing third quarter
earnings on Tuesday after the close of trading. For the period ending
September 30, the online retailer reported a net income of $80 million, or 19
cents per diluted share, which is a 313% increase over the similar period of
2006 when the company earned $19 million, or 5 cents per diluted share.
The Seattle-based company reported net sales rose to $3.26 billion, up 41%
from $2.31 billion in the third quarter of 2006.
Amazon also raised its fourth quarter and full year guidance. Net sales are
expected to reach between $5.1 billion and $5.45 billion in the fourth quarter of
2007, and between $14.3 billion and $14.6 billion for the full year. Operating
income is now predicted to fall in the range of $221 million to $291 million for
the fourth quarter of 2007, and $605 million to $675 million for the full year.
"Customers continue to respond to our low prices, our free shipping, and the
benefits of Amazon Prime. With our ever-increasing selection, customers are
now getting this unusual level of service across many different product
categories and with depth of selection in each category," said Jeff Bezos, Chief
Executive of Amazon.com.
earnings on Tuesday after the close of trading. For the period ending
September 30, the online retailer reported a net income of $80 million, or 19
cents per diluted share, which is a 313% increase over the similar period of
2006 when the company earned $19 million, or 5 cents per diluted share.
The Seattle-based company reported net sales rose to $3.26 billion, up 41%
from $2.31 billion in the third quarter of 2006.
Amazon also raised its fourth quarter and full year guidance. Net sales are
expected to reach between $5.1 billion and $5.45 billion in the fourth quarter of
2007, and between $14.3 billion and $14.6 billion for the full year. Operating
income is now predicted to fall in the range of $221 million to $291 million for
the fourth quarter of 2007, and $605 million to $675 million for the full year.
"Customers continue to respond to our low prices, our free shipping, and the
benefits of Amazon Prime. With our ever-increasing selection, customers are
now getting this unusual level of service across many different product
categories and with depth of selection in each category," said Jeff Bezos, Chief
Executive of Amazon.com.
In a note to investors, Credit Suisse analyst Heath Terry wrote that
Amazon's sales, earnings, and future guidance all exceeded his
expectations.
Citigroup analyst Mark Mahaney took a more cautious stance on
Amazon's future, in spite of the colossal gains. "Valuation still
appears full," wrote Mahaney, noting that Amazon's recent strength
means the company will have to work harder to impress investors
from now on.
Amazon's stock was climbing all day Tuesday, as though investors
expected the company to report such gigantic gains. Similarly, Apple's
stock followed the same suspicious trend on Monday.
Amazon.com leaped $9.67, or 10.6%, to $100.96 in Tuesday trading,
only to drop $8.95, or 8.9%, to $92.00 after hours.
Amazon's sales, earnings, and future guidance all exceeded his
expectations.
Citigroup analyst Mark Mahaney took a more cautious stance on
Amazon's future, in spite of the colossal gains. "Valuation still
appears full," wrote Mahaney, noting that Amazon's recent strength
means the company will have to work harder to impress investors
from now on.
Amazon's stock was climbing all day Tuesday, as though investors
expected the company to report such gigantic gains. Similarly, Apple's
stock followed the same suspicious trend on Monday.
Amazon.com leaped $9.67, or 10.6%, to $100.96 in Tuesday trading,
only to drop $8.95, or 8.9%, to $92.00 after hours.
