Strong sales boost Amazon's results
Amazon.com has reported fourth-quarter 2002 results that came up on top of analyst expectations, thanks to strong holiday sales,...
The online retailer reported net income of $2.6m (£1.6m), compared with a net income of $5m for the same period the previous year.
Pro forma net profit for the quarter, which included some interest expense, came in at $75m, compared with $35m for the same period last year.
For the full year, Amazon reported an operating income of $64m on revenues of $3.9bn.
Amazon claimed more than 56 million items were ordered between 1 November and 23 December, and founder and chief executive officer Jeff Bezos said lower prices helped drive results for the quarter.
