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Holiday sales boost Amazon’s profit

Associated Press / January 29, 2010

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SAN FRANCISCO - Amazon.com Inc.’s fourth-quarter earnings skyrocketed 71 percent, as shoppers spent more than ever during the holiday season.

Amazon said it earned $384 million, or 85 cents per share. That compares with $225 million, or 52 cents per share, in the year-earlier quarter.

Revenue rose 42 percent, to $9.52 billion. That includes a $200 million contribution from online shoe and apparel store Zappos, which Amazon bought last year.

Analysts polled by Thomson Reuters expected earnings of 72 cents per share on $9.04 billion in revenue.

Revenue from books, CDs, DVDs, and other media climbed 29 percent, to $4.68 billion. Electronics and other general merchandise revenue rose nearly 60 percent, to $4.61 billion. Revenue increased 37 percent in North America and nearly 49 percent elsewhere.