Amazon Q3 2011 Profits Fall 73 Percent

[Amerigo Vespucci]

Source: The Huffington Post

(Reuters) - Amazon.com Inc shares slumped after reporting weaker-than-expected results as it spent heavily on a new tablet computer and other long-term projects.

The world's largest Internet retailer said on Tuesday its third-quarter net income was $63 million, or 14 cents a share, versus $231 million, or 51 cents a share, a year earlier. Revenue was $10.88 billion, up 44 percent from the third quarter of 2010, it added.

"Lower profit margins would be acceptable, but for the lower-than-expected revenue growth numbers," said Fred Moran, an analyst at The Benchmark Co.

Moran had expected third-quarter revenue growth of as much as 50 percent.

Read more: http://www.huffingtonpost.com/2011/10/25/amazon-q3-2011_n_1031293.html

[Warpy]

1. That's weird. I hate shopping with a purple and undying passion

so I'm singlehandedly responsible for some of those profits for everything from specialty flours I can't get at the food coop to just about everything else they sell.

[Systematic Chaos]

2. I'm sorry to hear that. Amazon is a godsend to people who can't get out easily.

They have awesome deals on non-perishable healthy foods in bulk, like whole grain pasta and stuff like that. Puts the ripoff filthy Albertsons on the corner to shame.

[savannah43]

9. As long as you want to pay with credit cards.

Those of us who choose to pay cash with a money order have been shut out of Amazon for several years now. I refuse to play the credit card/bank enrichment game, and apparently I am not the only one. Then there is the lack of jobs to consider. Are the chickens starting to come home?

[Systematic Chaos]

10. You can use a bank debit card.

I have disability payments on direct deposit and so I use that, and there are no fees. But yeah, without that option you're out of luck. :(

[SoapBox]

3. It's the beginning of the tumble for Amazon...

and then will come all the sales taxes, that the greedy pols (especially in CA) want to get
their hands on...people will simply stop shopping...period.

[Fearless]

4. 44% is a lower than expected revenue growth? In whose world??

[valerief]

7. We're living in BizarroWorld now. nt

[RobinA]

12. My Reaction Exactly

I don't think I'll start planning my funeral attendance just yet.

[qanda]

5. Hopefully this is a temporary slide

I love Amazon and the free app of the day is amazing!

[dixiegrrrrl]

11. Free app of the day?????

I know not of this...do tell more.

[qanda]

13. Amazon gives away a free Android app every day

Today's app (OfficeSuite Professional 5) is worth $15. An excellent way to build up a nice catalog of apps.

Here's the link for today's app: http://www.amazon.com/mobile-apps/b/ref=sa_menu_adr_app4?ie=UTF8&node=2350149011

[dixiegrrrrl]

14. Ty.....

( desperately googling "Android" now)

How come the older I get, the more obsolete I feel??

Don't recognize the names of 3/4 of the "stars" on tv/movies...
Falling behind on the tech stuff...
can't recognize and name any car made after 1990..

sigh...............

[qanda]

15. LOL No problem...

Android is an operating system for mobile phones and tablets. There are a tons of devices running android now including the upcoming Kindle Fire.

[high density]

6. Aren't businesses supposed to invest in themselves from time to time

to expand the business? This comes from spending profit which comes in... The modern "stock market" and the financial press today wants infinite money to come endlessly from nowhere.

[DissedByBush]

8. That tablet's going to sell well

It'll be the first one to eat into the iPad's market share.

Look at much higher profits for the holiday season.