Amazon Q4 Revenues Hit Record But Profits Tumble

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Amazon Q4 Revenues Hit Record But Profits Tumble

02-03-2007, 10:36 AM,

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Kristijntje Offline

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Amazon Q4 Revenues Hit Record But Profits Tumble

Quote:A record holiday season pushed Amazon to nearly US$4 billion in sales in the fourth quarter, but a heavy reliance on electronics sales, continued promotions and shipping discounts ate into profits, forcing executives to defend some of its recent moves into new markets.

Profit plummeted 50 percent from the fourth quarter of 2005, though some of that was due to a favorable 2005 tax disposition. Still, the company's profit of $98 million, or 23 cents per share, and sales of $3.99 billion, surpassed most analyst expectations...

Amazon's operating profit margins were at their lowest point in seven years...

full article: http://www.ecommercetimes.com/story/LFTY...enue.xhtml

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