Business is booming at online retailer Amazon.com Inc., the company said Wednesday.
Profit for the second quarter ended June 30 surged 102 per cent to $158 million US (37 cents a diluted share), compared with $78 million (19 cents) in 2007.
Sales jumped 41 per cent to $4.06 billion US for the quarter, compared with $2.89 billion in 2007.
Electronics and general merchandise sales grew faster than media such as books and CDs, while international sales - from Amazon's British, German, Japanese, French and Chinese sites - grew faster than sales in North America.
The company said it expects 2008 total sales of between $19.35 billion and $20.10 billion, up between 30 per cent and 35 per cent from 2007.
Operating profit is expected to be between $745 million and $920 million, up 14 per cent to 40 per cent.
535.02 (5.57%)
