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Amazon Makes a Profit

Posted by chrisd on from the satan-ordered-a-book-on-freezing-hell-apparently dept.

sofar writes: "Amazon finally makes a profit. Well, only $ 5mln, but maybe you can actually earn something on your stock now. At 1c a share it's no pension fund in Florida yet." I wonder how much of that profit represents 1-click licensing fees.

4 of 311 comments (clear)

  1. Isn't this... by NecroPuppy · · Score: 2, Redundant

    A sign of the Apololypse?

    Like AOL/TW suing, say, Microsoft?

    Oh, wait...

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  2. Not 5c per share by robbyjo · · Score: 1, Redundant

    But 1c per share:

    Amazon reported net income of $5 million, or a penny a share, under generally accepted accounting principles, well ahead of analysts' expectations.

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  3. Re:Not really an accurate measurement by Spy+Hunter · · Score: 3, Redundant

    No, if you read the article instead of applying your pre-formed assumptions, you'll find that the profit was under generally accepted accounting principles. The pro forma profit was even higher. Amazon beat out the expectations of the naysayers.

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  4. Reuters story by Metrollica · · Score: 1, Redundant

    Reuters story can be found here and there is a story here on The Guardian.

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    --Metrollica