Forum Moderators: buckworks
In a week when company after company announced horrible earnings and pulled the plug on tens of thousands of jobs, Amazon's fourth-quarter net profit rose 9 percent, to $225 million, or 52 cents a share, in the quarter ending December 31. Overall revenue jumped 18% (the Street was looking for 13%).Those are good numbers by any measure, but in the context of total online retail sales down 3% over the holidays, according to ComScore, and overall retail down 5% during the same period, according to the Commerce Department - they're stunning.
