Dismiss Notice
Welcome to Our Community
Wanting to join the rest of our members? Feel free to sign up today.

Amazon did not do well end year 2005

Discussion in 'eCommerce' started by temi, Feb 6, 2006.

  1. temi

    temi Facilitator Webmaster

    Amazon's margins are coming under pressure
    Online retailer Amazon has reported a drop in net profit for the fourth quarter, which includes the critical Christmas holiday season.
    Net profit for the three months to 31 December came in at $199m (£112m), compared to $347m the year before.

    Sales for the period rose from $2.54bn to $2.98bn, but failed to pass the $3bn barrier as analysts forecasted.

    Amazon's results were released after the markets closed, but in after-hours trading, its shares were down 10%.

    source/full story: news.bbc.co.uk/1/hi/business/4675834.stm

Featured Resources (View All)

Share This Page