Amazon Profits "Amazing"

[engine]

Amazon.com's second-quarter profit more than tripled after the Web retailer reduced technology spending and boosted sales.

"It's an amazing performance," said Bernstein Research analyst Jeffrey Lindsay. "A lot of it [growth] seems to have come in the United States, which is particularly surprising since that's considered Amazon's most mature market."

Amazon on Tuesday reported a second-quarter profit of $78 million, or 19 cents a share, up from $22 million, or 5 cents, a year earlier.

Amazon Profits "Amazing" [seattletimes.nwsource.com]

[vincevincevince]

Third-party business represented 30 percent of worldwide sales in the quarter, Amazon said.

I wish there were figures on how many percent that was previously.