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

The next step in data security

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
JINGS! Microsoft Bing called Scots indyref RIGHT!
Redmond sporran metrics get one in the ten ring
Driving with an Apple Watch could land you with a £100 FINE
Bad news for tech-addicted fanbois behind the wheel
Murdoch to Europe: Inflict MORE PAIN on Google, please
'Platform for piracy' must be punished, or it'll kill us in FIVE YEARS
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Found inside ISIS terror chap's laptop: CELINE DION tunes
REPORT: Stash of terrorist material found in Syria Dell box
Sony says year's losses will be FOUR TIMES DEEPER than thought
Losses of more than $2 BILLION loom over troubled Japanese corp
Bono: Apple will sort out monetising music where the labels failed
Remastered so hard it would be difficult or impossible to master it again
prev story

Whitepapers

Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.