Amazon’s third-quarter net sales rise 33% to top $1 billion
Amazon.com Inc. reported a 33% year-over-year increase in third-quarter net sales to $1.13 billion from $851 million. It also reported Q3 operating income of $52 million, compared to a loss of $10 million a year ago, and net income of $16 million, compared to a year-ago net loss of $35 million. Amazon says it expects strong sales to continue, driven partly by its free-shipping offers, and to produce record sales in the forthcoming holiday season.
"Thanks to free shipping and low prices, we expect more customers to turn to us for their holiday gifting needs this year-producing our biggest holiday shopping season ever," said founder and CEO Jeff Bezos.
Amazon also said Q3 worldwide unit sales grew 36% year-to-year, and that third-party sales of new, used and refurbished items rose to 22% of worldwide unit sales, up from 17% a year ago.
Amazon said it expects fourth-quarter net sales to rise 23% to 34% year-over-year, to a range of $1.76 billion to $1.91 billion. Full-year net sales are expected to reach a range of $5.75 billion to $6.25 billion.
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