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.
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