Amazon exceeds quarterly expectations

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Amazon exceeds quarterly expectations

Amazon.com is celebrating a better-than-expected quarter, helped by strong sales across its six country-specific websites.

Net revenue for the quarter ending 30 September came in at $1.13bn on pro forma net income of $48m.

Compared with 2002's third quarter, net revenue grew 33%. The company reported break-even pro forma net income in 2002's third quarter.

"This was another great quarter for Amazon.com, driven by our customer's taking advantage of our lower prices, free shipping and expanded selection," said Tom Szkutak, Amazon.com's chief financial officer.

The pro forma results exclude items such as stock-based compensation, amortisation of intangibles and restructuring-related charges.

Sales for the quarter from Amazon.com's US and Canada sites grew a combined 21% to $709m, while sales from the company's UK, Germany, France and Japan sites grew a combined 61% to $425m.

Amazon.com expects fourth-quarter net revenue to be between $1.76bn and $1.91bn. Operating income is expected to be between $110m and $140m.

For the full year, Amazon.com expects net revenue to be between $5.75bn and $6.25bn and operating income to be between $315m and $415m.

Juan Carlos Perez writes for IDG News Service


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