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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 247.35+0.4%Jan 9 9:30 AM EST

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To: cellhigh who wrote (36848)1/26/1999 5:41:00 PM
From: Joe E.  Read Replies (2) of 164684
 
Here is the 4th quarter press release. Has it already been posted??

marketwatch.newsalert.com

Here are first two paragraphs:
"SEATTLE, Jan. 26 /PRNewswire/ -- Amazon.com, Inc. (Nasdaq: AMZN) today announced financial results for the fourth quarter of 1998 and for the 1998 fiscal year. Net sales for the fourth quarter were $252.9 million, an increase of 283 percent over net sales of $66.0 million for the fourth quarter of 1997. Based on fourth quarter sales, Amazon.com has achieved a $1 billion annualized sales level three and one-half years after opening for business.

Amazon.com reported a fourth quarter pro forma operating loss of $17.8 million, or 7 percent of net sales, compared to an operating loss of $11.3 million, or 17 percent of net sales, in the fourth quarter of 1997. Fourth quarter pro forma net loss of $22.2 million, or $0.14 per share, compared with a net loss of $10.8 million, or $0.08 per share, in the fourth quarter of 1997. On a GAAP basis, reported fourth quarter net loss was $46.4 million, or $0.30 per share, and included $24.2 million of merger and acquisition related costs.
"
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