Friday January 30, 2015

Amazon Surprises Investors With A Gift Of Profit

It looks like the holidays were good to Amazon this year. The company posted a $214 million profit on revenue of almost $30 billion.

The company on Thursday reported a profit of $214 million, or 45 cents a share, on revenue of $29.33 billion, exceeding some analysts' estimates of 17 cents a share on $29.68 billion in revenue. The results show that Amazon learned from the mistakes it made last year when its delivery partners FedEx and UPS ended up with a backlog of packages that caused some shipments to arrive at customers' doorsteps after Christmas.

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