Online bookseller Amazon.com Inc missed Wall Street estimates for its third quarter by 8 cents as it third quarter net losses of $8.5m, up from losses of $2.4m last time, on revenues that rose to $37.9m, from $4.2m last time. Cash and equivalents were $44.7m as of September, boosted by the initial public offering in May, since which its shares have been rising steadily. It had 940,000 customers at the end of the quarter, up from 610,000 three months earlier and repeat orders represented around 55% of the total in the quarter. Earlier this week the company settled its dispute with Barnes & Noble Inc over who was really the biggest bookstore on the web. Net losses for the nine months were $18.3m, up from $3.5m previously, on revenues that were up to $81.7m, from $7.3m previously.
This article is from the CBROnline archive: some formatting and images may not be present.
CBR Online legacy content.