Thursday, July 23, 2009

Amazon Sales Hit $4.65B In Q2

Seattle-based Amazon.com reported its Q2 financial results Thursday afternoon, saying it had net sales of $4.65 billion in Q2, a 14% increase compared to $4.06 billion in sales in Q2 of 2008. The firm also says it expects to have net sales of between $4.75 billion and $5.25 billion in the third quarter. Amazon also disclosed that its net sales would have grown 20%, if it had not been hit by unfavorable impacts from foreign exchange rates.