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Amazon delivers many happy Q2 returns
As though in defiance of current economic trends, Amazon delivered second-quarter earnings that gave investors little to complain about.
Net income increased 102% to US$158 million, or 37 cents a share, compared with net income of $78 million, or 19 cents per share, in the year-ago quarter. Net sales, or revenue, jumped 41% to $4.06 billion in Q2, compared with $2.89 billion for the same quarter in 2007.
Amazon benefited from a favorable foreign exchange rate in the quarter. However, even excluding that impact, revenue still grew by 35% compared with Q2 2007.
