- Associated Press - Thursday, July 22, 2010

SAN FRANCISCO (AP) - Amazon.com says its second-quarter income jumped 45 percent, bolstered by shoppers who spent more with the online retailer even as consumer confidence fell overall. The result was below analyst expectations, however.

For the April-June quarter, Amazon.com Inc. earned $207 million, or 45 cents per share. That compares with $142 million, or 32 cents per share, in the same quarter last year.

Analysts polled by Thomson Reuters have been looking for 54 cents per share.

Revenue climbed 41 percent to $6.6 billion, slightly beating analyst predictions for $6.5 billion in revenue.

The growth came mainly from sales of electronics and other general merchandise, which increased 69 percent from last year to $3.5 billion.



Click to Read More

Click to Hide