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<< Previous   of   Next >>   ADVERTISEMENT   Related Stories • A fond farewell to the Weekly World News 7/25/07   CONTACT THE HERALD Mike Benbow, Business Editor benbow@heraldnet.com   Published: Wednesday, July 25, 2007 Amazon profits rocket upward Associated Press SEATTLE - Amazon.com Inc.'s second-quarter profit more than tripled, boosted by strong sales of books, music and electronics worldwide. The Web retailer's stock soared 12.5 percent in after-hours trading. Earnings for the three months ended June 30 climbed to $78 million, or 19 cents per share, from $22 million, or 5 cents per share during the same period last year, the company said Tuesday. Results topped Wall Street's expectations. Analysts polled by Thomson Financial forecast a profit of 16 cents per share. Revenue rose 35 percent to $2.88 billion from $2.14 billion in the year-ago quarter, beating expectations for $2.81 billion in sales. Prior to the announcement, shares of Amazon sank $2.49, or 3.5 percent, to close at $69.25. They gained $8.65, to $77.90, in after-hours trading. Amazon said a weaker dollar helped improve sales slightly. The company said media and electronics sales rose across all regions, and subscribers to the $79-per-year shipping membership program, Amazon Prime, increased. For the current third quarter, Amazon said it expects revenue of $3 billion to $3.175 billion. For the full fiscal year, Amazon raised its forecast to $13.8 billion to $14.3 billion, up from its earlier outlook for $13.4 billion to $14 billion.

1. Fire destroys Emory's restaurant 2. Man dies in apparent suicide on Edmonds beach 3. Camano Island burglaries spike: Is Colton back? 4. Storm dents Tulalip couple's retirement plan 5. For many cougars, it's one night only 6. Lulu the St. Bernard helps out with crossing guard job 7. Business Briefly: L.A. man gets prison for repackaging Boeing 737 plane parts 8. Sultan man charged with assault for firing at deputy 9. Peggy Pritchard Olson always put Edmonds first 10. Emory's blaze causes $2 million in damage 2 - Top 10 Stories Most Talked about 3 - Top 10 Stories Most Emailed

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