Amazon’s profits are down despite great fourth quarter earnings.

02. Feb, 2007 | by Jane | 0 CommentsPrint This Post

Amazon posted a 34% increase in quarterly sales (compare this to the decline in sales for both BGI and BN) but their profits were down 51%.

Increased sales of electronics, lower prices and discount shipping program Amazon Prime crimped profit margins, Szkutak said.

Via CNN.

Twitter Digg Delicious Stumbleupon Technorati Facebook Email
Publishing News

,

No comments yet... Be the first to leave a reply!

Leave a Reply

XHTML: You can use these tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

Subscribe without commenting