Established 1999
 
8,000 companies from
USA,Canada and India.
 
   
Search over 25,000 News & Earnings Archives    
 
Earnings Analysis: 
Amazon Sales, Earnings Surge
Author: 123jump.com Staff
123jump.com
Last Update: 5:35 PM EDT October 23 2007


(Continued)

Email article | Print article

Amazon.com, onlline retailer reported third quarter sales increase of 41% and earnings rise of 313%. International sales increased 40% and sales in the U.S. and Canada increased 40%. Amazon sold 2.5 million copies of the latest rlease of Harry Potter book. For the fourth quarter the company estimates sales between $5.1 and $5.45 billion.

 
5:00PM New York – Amazon.com revenue and earnings jump as more customers shop online.

Amazon.com, Inc (AMZN: chart) reported third quarter revenue increase of 41% to $3.26 billion from $2.31 billion. Excluding the $75 million favorable currency translation, the revenue increased 38% from the third quarter.

Earnings increased 313% to $80 million from $19 million from a year ago or earnings per share increased to 19 cents from 5 cents a year ago.

Operating earnings increased 207% to $123 million from $40 million. Operating cash flow increased to $1.0 billion from $587 million in the last twelve months.

Sales in North America representing Canadian and U.S. sites were $1.79 billion, up 42% from a year ago. International segment sales, representing the Company’s U.K., German, Japanese, French and Chinese sites, were $1.47 billion, up 40% from third quarter 2006. Excluding the favorable impact from year-over-year changes in foreign exchange rates throughout the quarter, International net sales growth was 33%.

The Company sold 2.5 million copies of Harry Potter and the Deathly Hallows worldwide, making it Amazon’s largest new product release.

The Company launched a public beta of Amazon MP3, a digital music store with Earth''s biggest selection of a la carte DRM-free MP3 music downloads. Amazon MP3 has over two million songs from more than 180,000 artists represented by over 20,000 major and independent labels.

Amazon Europe launched a Shoes store and a Baby store on the amazon.co.uk and amazon.de websites, offering customers tens of thousands of items from hundreds of leading brands.

Amazon Europe launched a Home & Kitchen store on the amazon.fr website, offering customers thousands of items from well-known electrical appliance and kitchenware brands.

Amazon.co.jp opened an Apparel & Shoes store offering more than 30,000 items from more than 100 well-known brands.

For the fourth quarter the company estimates sales between $5.1 billion and $5.45 billion and operating income of between $221 million and $291 million. For the year 2007 the sales are expected to be between $14.263 billion and $14.613 billion and operating income between $605 million and $675 million including stock compensation expense of $191 million.

In the last 52 weeks the stock has traded between $32.14 and $101.09.
  1 More: Earnings Archive

 


 

350 Fund Managers Interviews - 10-year Annual earnings on 4,600 U.S. companies - 20-quarter Earnings on 3,800 U.S. companies - 3,200 U.S. IPO Prospectuses
- 2,100 Economic data releases from U.S., EU, UK, India, HK and Australia. 10-year Annual reports on 3,500 U.S. companies -
U.S. Earnings Calendar with 4,800 companies - 90,000 10-K reports - 26,000 Global markets news archive - 2,200 Earnings Conference Call Summaries

© 1999-2008 123jump.com. All rights reserved