Tag Archives: amazon profit

Amazon announced a drop in third quarter profit, with shares falling 19 percent in late trading. Their net income dropped 73 percent to $63 million from $231 million, this time last year. Amazon have also said that they may post an operating loss this quarter. Amazon are searching for higher …

Amazon have announced a huge 51 percent rise in sales, which has helped the company stock to increase. This surpassed Wall Street expectations. Amazon filed a report showing that the 51 percent increase in sales accounted for $9.91 billion (around £6 billion) for the first quarter, ending June 30th. This …