Amazon profits boosted by Kindle
The online retailer, Amazon, has reported a 16% rise in third-quarter profit, as its Kindle e-book reader continues to bolster sales.
Amazon made a net profit of $231m (£147m) in the three months to September, up from the $199m it made in the same period a year earlier.
Revenues rose 39% to $7.56bn.
But the firm also said that its total operating expenses rose more than 40% to $7.29bn, sending its shares down 5% in after-hours trading.
Michelle Fleury reports.
22 Oct 2010
- From the section Business