Skip to: Content
Skip to: Site Navigation
Skip to: Search
SUNDAY, NOVEMBER 8, 2009
| Subscribe to Newser's RSS feeds RSS | Follow Newser on Twitter Twitter


 EARNINGS REPORT 
0

Amazon Q1 Profit Spikes

Online retailer sees 30% jump in face of economic slowdown

Share

(Newser) – Amazon posted a 30% profit jump in the first quarter, the Wall Street Journal reports, defying the sluggish economy. Net income was $143 million (34 cents a share) compared with $111 million (26 cents a share) in last year's first quarter. The company’s operating income guidance for the fiscal year fell, however—pushing shares sharply downward after hours.

Jeff Bezos, founder and CEO of Amazon.com.
Jeff Bezos, founder and CEO of Amazon.com.   (AP Photo/Mark Lennihan)
Amazon Fresh is a new grocery delivery service being tested by Amazon.com.
Amazon Fresh is a new grocery delivery service being tested by Amazon.com.   (AP Photo/Joe Nicholson)
Jeff Bezos, founder and CEO of Amazon.com, introduces the Kindle.
Jeff Bezos, founder and CEO of Amazon.com, introduces the Kindle.   (AP Photo/Mark Lennihan)
Jeff Bezos, founder and CEO of Amazon.com.
Jeff Bezos, founder and CEO of Amazon.com.   (AP Photo/Mark Lennihan)
« Prev« Prev | Next »Next » Slideshow
OFF THE GRID
11.6.09
Galleon Scandal: Shocked, Shocked by Insider Trading
11.5.09
Rupert Murdoch Is Mad but Cute
0 comments
VIEWING:
 
LEAVE A
COMMENT Comment Policy
Facebook ConnectPost this comment to Facebook?

After connecting you will have the option to post your comment on your Facebook profile.

 

Related Newser Stories

146 Stories

RACE TO THE BOTTOM

Retailers Sell Flicks Online at Less Than Cost

Big-box giants drop price of 10 hottest
DVD titles to $10

Nov 6, 09 10:42 AM CST
(Newser) - Wal-Mart has spurred an online DVD price war by dropping prices on 10 must-have movies to just $10, which analysts agree is below wholesale cost. “We remain committed to offering our customers the lowest prices online at Walmart.com, and will continue to adjust our pricing accordingly,” a... More »

MORE ABOUT:
online retailers • price war • Target • holiday shopping • Wal-Mart • movies • Amazon.com • DVDs

ANALYSIS

Count the US Dollar Down, But Not Out

Fears of a looming currency crash are overblown

Oct 23, 09 4:25 PM CDT
(Newser) - With the US economy in a prolonged slump and the Fed likely to keep interest rates low for the foreseeable future, many worry that a dollar crash will be the next shoe to drop. Currency pessimists can point to a 6-month decline in the dollar; this week the currency hit... More »

MORE ABOUT:
globalization • currency exchange • yuan • Lehman Brothers • euro • US dollar • weak dollar • financial crisis

 Boyle Breaks Pre-Order Record 

Debut album for Britain's Got Talent star is selling fast

Oct 22, 09 8:18 AM CDT
(Newser) - Susan Boyle's popularity shows no signs of dying down: The Britain's Got Talent runner-up is releasing her first album Nov. 23, and it has already broken Amazon's record for most pre-orders, the New York Daily News reports. "Although it's normal to see early enthusiasm for artists who... More »

MORE ABOUT:
entertainment • music • celebrity • album release • Amazon.com • album sales • Susan Boyle • Britain's Got Talent • women's issues • new album

 Euro Cracks $1.50, 
 Dollar Hits New Lows 


Investors shun low-yielding greenback for riskier currencies

Oct 22, 09 4:00 AM CDT
(Newser) - The dollar fell below the $1.50 threshold against the euro yesterday for the first time in 14 months, as investors with renewed appetites for risk continue to abandon the greenback. The dollar is at its lowest level against six other currencies in more than a year, and foreign exchange... More »

MORE ABOUT:
currency • exchange rate • euro • US dollar • weak dollar

Palin Memoir a Gift to Booksellers

Going Rogue likely to continue trend of hits from right-wing figures

Oct 15, 09 2:39 PM CDT
(Newser) - Sarah Palin’s memoir is expected sell so well that it will singlehandedly boost the fortunes of the ailing book business. The book is already topping preorder lists, and publisher Harper plans an extensive slate of promotional appearances to make full use the former Alaska governor's drawing power. "They... More »

MORE ABOUT:
Alaska • Republican • conservative • publishing • memoir • author • Michelle Malkin • HarperCollins • Borders • Glenn Beck • book • Sarah Palin • Amazon.com • publishing industry • Going Rogue

146 Stories


Some internals on Amazon
Silicon Alley Insider

Digital media not an easy matter though
Wall Street Journal


Business  •  Technology 
TwitterFollow @NewserBusiness on Twitter

 
Jeff Bezos • weak dollar • quarterly profits • Amazon.com

from our news partners