Feeds

Amazon profits up (but not enough for Wall Street)

Pile 'em high, sell 'em cheap

  • alert
  • submit to reddit

Beginner's guide to SSL certificates

Amazon made net income of £54m in the third quarter ended 30 September 2004 on net sales of $1.46bn. This compares with net income of $16m and net sales of $1.13bn for the same period last year.

But dealers on Wall Street were not impressed with the results and pushed Amazon shares down almost nine per cent in late trading.

Jeff Bezos, Amazon founder and CEO, said: "Our decision to put dollars into lower prices and free shipping instead of TV advertising continues to be embraced by customers. Customer adoption of free shipping hit another record high this quarter."

Sales in the US and Canada were $816m up 15 per cent on the third quarter of 2003. International sales, made up of China, France, Germany, Japan and the UK, accounted for $646m, an increase of 52 per cent.

Amazon's best selling DVD of the year was the Star Wars Trilogy - 85,000 copies were pre-ordered through the UK site.

For the fourth quarter Amazon forecast sales of $2.29bn and $2.54, an increase of 18 and 31 per cent. This would put Amazon full year sales between $6.67bn and £6.92bn giving operating income between $415m and $475m.

More detailed figures here. ®

Related stories

Amazon, Microsoft set legal dogs on phishers, spammers
Amazon feels pointy end of software patenting
Amazon snaps up Chinese etailer

Beginner's guide to SSL certificates

More from The Register

next story
Facebook pays INFINITELY MORE UK corp tax than in 2012
Thanks for the £3k, Zuck. Doh! you're IN CREDIT. Guess not
DOUBLE BONK: Testy fanbois catch Apple Pay picking pockets
Users wail as tapcash transactions are duplicated
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
YARR! Pirates walk the plank: DMCA magnets sink in Google results
Spaffing copyrighted stuff over the web? No search ranking for you
In the next four weeks, 100 people will decide the future of the web
While America tucks into Thanksgiving turkey, the world will be taking over the net
Microsoft EU warns: If you have ties to the US, Feds can get your data
European corps can't afford to get complacent while American Big Biz battles Uncle Sam
prev story

Whitepapers

Choosing cloud Backup services
Demystify how you can address your data protection needs in your small- to medium-sized business and select the best online backup service to meet your needs.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.