TITLE

Amazon Margins Squeezed; Shares Skid

PUB. DATE
January 2008
SOURCE
Red Herring;1/30/2008, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the decline in profits of Internet retailer Amazon.com in its fourth-quarter 2007 results. The company's gross profit margin fell to 20.6 percent from 21.3 percent in 2006 and 23.4 percent in the 2007 third quarter. The decline in profit margins is attributed to the retailer's offering discount to retail customers. Amazon's net profit increased by 112 percent to $207 million or 48 cents per share, from $98 million or 23 cents per share in 2006. Sales posted an increase of 42 percent to $5.67 billion in the quarter.
ACCESSION #
36962067

 

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