Amazon.com Jumps as Kindle, Digital Media Fuel Sales Growth
This article is for subscribers only.
Amazon.com Inc., the world’s largest online retailer, gained the most in a month after its Kindle e-reader and digital-media services helped second-quarter sales and profit beat analysts’ estimates.
Net income was $191 million, or 41 cents a share, compared with $207 million, or 45 cents, a year earlier, the Seattle-based company said yesterday in a statement. That compared with 34 cents that analysts predicted. Net sales rose to $9.91 billion, compared with the $9.38 billion projection.