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.