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Nasdaq:
AMZN
Amazon.com,
Inc. is a Website where customers can find and discover anything they may
want to buy online. The Company lists millions of items in categories such
as books, music, DVDs, videos, consumer electronics, toys, camera and photo
items, software, computer and video games, tools and hardware, outdoor
living items, kitchen and housewares products, toys, baby and baby registry,
travel services and magazine subscriptions
http://www.amazon.com
Amazon.com
Announces Third Quarter Sales up 28% to $5.45 Billion; Newest Kindle Now
Shipping and Lowering Price to $259 from $279
SEATTLE--(BUSINESS
WIRE)--Oct. 22, 2009-- Amazon.com, Inc. (NASDAQ:AMZN) today announced financial
results for its third quarter ended September 30, 2009.
Operating
cash flow was $2.25 billion for the trailing twelve months, compared with
$1.27 billion for the trailing twelve months ended September 30, 2008.
Free cash flow increased 98% to $1.92 billion for the trailing twelve months,
compared with $0.97 billion for the trailing twelve months ended September
30, 2008.
Common
shares outstanding plus shares underlying stock-based awards outstanding
totaled 451 million on September 30, 2009, compared with 448 million a
year ago.
Net
sales increased 28% to $5.45 billion in the third quarter, compared with
$4.26 billion in third quarter 2008. Excluding the $41 million unfavorable
impact from year-over-year changes in foreign exchange rates throughout
the quarter, net sales would have grown 29% compared with third quarter
2008.
Operating
income increased 62% to $251 million in the third quarter, compared with
$154 million in third quarter 2008. Excluding the $10 million unfavorable
impact from year-over-year changes in foreign exchange rates throughout
the quarter, operating income would have grown 69% compared with third
quarter 2008.
Net
income increased 68% to $199 million in the third quarter, or $0.45 per
diluted share, compared with net income of $118 million, or $0.27 per diluted
share, in third quarter 2008.
“Kindle
has become the #1 bestselling item by both unit sales and dollars – not
just in our electronics store but across all product categories on Amazon.com.
It’s also the most wished for and the most gifted. We are grateful for
and energized by this customer response,” said Jeff Bezos, founder and
CEO of Amazon.com. “Earlier this week we began shipping the latest generation
Kindle. Its 3G wireless works in the U.S. and 100 countries, and we’ve
just lowered its price to $259.”
Highlights
This
week we started shipping Kindle with U.S. & International Wireless
and lowered its price to $259 from $279. This newest Kindle is available
to ship to customers living outside the U.S. Customers in more than 100
countries around the world, and U.S. customers traveling abroad, can take
advantage of Kindle’s 3G wireless technology to download a title in 60
seconds or less.
The
U.S. Kindle Store now has more than 360,000 books, including 101 of 112
New York Times Bestsellers, more than 7,000 blogs, and more than 90 top
U.S. and International newspapers and magazines, including: The New York
Times, The Wall Street Journal, The Times (U.K.), Le Monde, The Economist,
Newsweek, Time, and Fortune. Kindle owners can also select from over 60,000
audiobooks from Audible.com and listen to them directly on their Kindle.
The
Company announced “Kindle for PC,” the free application for reading Kindle
books on the PC. Kindle for PC features Amazon’s Whispersync technology,
which automatically saves and synchronizes customers’ bookmarks and last
page read across devices, including the Kindle, Kindle DX, iPhone, iPod
touch, and PC.
North
America segment sales, representing the Company’s U.S. and Canadian sites,
were $2.84 billion, up 23% from third quarter 2008.
International
segment sales, representing the Company’s U.K., German, Japanese, French
and Chinese sites, were $2.61 billion, up 33% from third quarter 2008.
Excluding the unfavorable impact from year-over-year changes in foreign
exchange rates throughout the quarter, International sales grew 35%.
Worldwide
Media sales grew 17% to $2.93 billion. Excluding the unfavorable impact
from year-over-year changes in foreign exchange rates throughout the quarter
sales grew 18%.
Worldwide
Electronics & Other General Merchandise sales grew 44% to $2.36 billion.
Excluding the unfavorable impact from year-over-year changes in foreign
exchange rates throughout the quarter sales grew 45%.
Amazon.com
launched “Local Express Delivery,” a new shipping option giving customers
same-day delivery on thousands of items in seven major cities: New York,
Philadelphia, Boston, Baltimore, Las Vegas, Seattle and Washington D.C.
Amazon Prime members pay just $5.99 per item for the service.
The
Company continues to expand and enhance free shipping offers across the
world. Amazon.co.uk began offering free shipping on all products in the
U.K., eliminating the prior threshold of £5; while Amazon.co.jp now
offers free same-day delivery service to Amazon Prime customers in the
Kanto and Kansai regions of Japan.
Items
shipped on behalf of sellers who utilized Fulfillment by Amazon (FBA) more
than tripled from the prior year. Sellers can still join FBA and take advantage
of Amazon’s extended delivery promise for the holidays ? customers can
order items as late as December 23rd and still get them in time for the
holidays.
Amazon.com
expanded its Frustration-Free Packaging program, offering additional items
from Fisher-Price, Mattel, Kingston and other leading toy and electronics
manufacturers in easy-to-open, environmentally friendly packaging.
Amazon
Web Services (AWS) launched Amazon Virtual Private Cloud (Amazon VPC),
a secure and seamless bridge between a company’s existing IT infrastructure
and the AWS cloud, enabling enterprises to connect their existing infrastructure
to AWS compute resources.
Amazon.com
Announces First Quarter Financial Results
SEATTLE--(BUSINESS
WIRE)--Apr. 23, 2009-- Amazon.com, Inc. (NASDAQ:AMZN) today announced financial
results for its first quarter ended March 31, 2009.
Operating
cash flow was $1.76 billion for the trailing twelve months, compared with
$1.04 billion for the trailing twelve months ended March 31, 2008. Free
cash flow increased 82% to $1.43 billion for the trailing twelve months,
compared with $0.79 billion for the trailing twelve months ended March
31, 2008.
Common
shares outstanding plus shares underlying stock-based awards outstanding
totaled 447 million on March 31, 2009, compared with 435 million a year
ago.
Net
sales increased 18% to $4.89 billion in the first quarter, compared with
$4.13 billion in first quarter 2008. Excluding the $268 million unfavorable
impact from year-over-year changes in foreign exchange rates throughout
the quarter, net sales would have grown 25% compared with first quarter
2008.
Operating
income increased 23% to $244 million in the first quarter, compared with
$198 million in first quarter 2008. Excluding the $32 million unfavorable
impact from year-over-year changes in foreign exchange rates throughout
the quarter, operating income would have grown 39% compared with first
quarter 2008.
Net
income increased 24% to $177 million in the first quarter, or $0.41 per
diluted share, compared with net income of $143 million, or $0.34 per diluted
share, in first quarter 2008.
“We’re
grateful and excited that Kindle sales have exceeded our most optimistic
expectations,” said Jeff Bezos, founder and CEO of Amazon.com. |