Amazon Q2 Sales Up 41% to $4 billion, Net Income Up 102%

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Amazon Q2 Sales Up 41% to $4 billion, Net Income Up 102%

07-25-2008, 09:45 AM,

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mandy Offline

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Amazon Q2 Sales Up 41% to $4 billion, Net Income Up 102%

Quote:Amazon.com announced financial results on Wednesday for its second quarter ended June 30, 2008. Net sales increased 41% to $4.06 billion in the second quarter, compared with $2.89 billion in second quarter 2007. Excluding the $0.18 billion favorable impact from year-over-year changes in foreign exchange rates throughout the quarter, net sales grew 35% compared with second quarter 2007. Net income increased 102% to $158 million in the second quarter compared with net income of $78 million in second quarter 2007...

Amazon.com said Worldwide Media sales grew 31% to $2.41 billion in second quarter 2008, compared with $1.83 billion in second quarter 2007. Worldwide Electronics & Other General Merchandise sales grew 58% to $1.53 billion in second quarter 2008, compared with $0.97 billion in second quarter 2007, and increased to 38% of worldwide net sales compared with 34%...

full article: http://www.auctionbytes.com/cab/abn/y08/m07/i24/s03

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