Friday, October 23, 2009

Amazon Profits Soar, Sees Strong Holiday - WSJ.com

From A to Z…

In a sign the holiday period could be good to online retailers, Amazon.com Inc. posted a 69% increase in third-quarter profit and offered a rosy outlook for the current quarter.

The results were driven by a 44% rise in sales of electronics and general merchandise, including TVs and office supplies, which now account for 43% of the retailer's sales.

Amazon also reported a 17% spike in sales of media, which had dragged on earnings in the second quarter because of sluggish video-game sales.

[AMAZON]

Amazon Profits Soar, Sees Strong Holiday - WSJ.com

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