Thursday, January 29, 2009

Amazon Sees Boost In Fourth Quarter Sales

Seattle-based Amazon.com announced its financial results Thursday, saying that it saw its net sales in the fourth quarter of 2008 reach $6.7 billion, up 18% from the prior year. For the year, Amazon said its sales increased to $19.17 billion, up 29% from 2007. Amazon also said that its profits grew 9% in the fourth quarter. The good results follow a holiday season which the firm had described as its "best ever." Among highlights of the firm's results, the firm said that North American segment sales, which include the US and Canada, were up 18% from Q4 of 2007, to $3.63 billion; the firm said that international sales grew 31%, although foreign exchange rates impacted the firm's revenue.