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To: Earlie who wrote (200114)10/24/2002 5:32:52 PM
From: mishedlo  Read Replies (2) | Respond to of 436258
 
Quote of the day - AMZN
"We've lowered prices five times over the last 15 months, and simply put, it's working."
-Amazon.com

Internet retail giant Amazon.com Inc. (AMZN) Thursday reported a narrower net loss in the third quarter on sharply higher revenues, reflecting the success of a free-shipping incentive program and robust growth overseas.

The company also raised fourth-quarter revenue guidance, and said it planned to continue its free-shipping promotion, on orders of $25 or more, through the holidays.

Amazon said it had a net loss of $35 million, or 9 cents per share, compared with a loss of $170 million, or 46 cents per share, a year earlier.

Including interest expenses but stripping out a range of charges, such as stock-based compensation, goodwill amortization, restructuring, accounting changes and other charges, Amazon said, it had an operating profit of $27 million, or break-even per share.

The company said revenue rose 33 percent to $851.3 million from $639.3 million a year earlier, above the $780 million to $830 million the Seattle-based online superstore had projected.

cbs.marketwatch.com

Down AH but not a lot



To: Earlie who wrote (200114)10/24/2002 5:41:09 PM
From: TheStockFairy  Read Replies (3) | Respond to of 436258
 
you know, i've seen a dramatic reduction in the amount of credit card solicitations I get in the mail as of late. Either they are starting to worry about my financial situation or they have stopped being hyper aggressive in their client acquisition.

Maybe my neighbors are filling out my applications and buying things I can't afford. :/