Amazon.com Inc. says profit climbed 48 percent in the third quarter. Amazon partly credited strong sales of electronics.
SEATTLE — Amazon.com said today profit climbed 48 percent in the third quarter. Amazon partly credited strong sales of electronics.
But the company reduced its full-year revenue outlook.
For the quarter, Amazon earned $118 million, or 27 cents per share, compared with $80 million, or 19 cents per share, in the year-ago quarter.
Amazon said its profit included a $15 million foreign currency benefit.
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Revenue rose almost 31 percent to $4.26 billion.
Analysts polled by Thomson Reuters expected earnings of 25 cents per share on $4.27 billion in revenue.
Amazon now anticipates 2008 revenue of $18.46 billion to $19.46 billion. Previously, it had predicted sales of $19.35 billion to $20.10 billion.