You are here: Home - Uncategorized -

Amazon’s figures drying up

0
Written by:
26/07/2006

Profits at Amazon.com have tumbled as the world’s biggest online shopping company spent heavily on new technology and invested in its new toy business.

Net income in the three months to 30th June fell 58% to $22m (£12m) from $52 (£30m) a year before. Sales rose 22% in the quarter to $2.14bn but the shares have been marked down sharply.

“I do question the company’s decision to focus on its discount shipping programme, Amazon Prime, at a time when it is facing intense competition,” said City analyst Colin Perry.

“Unfortunately, Amazon just doesn’t seem to be generating sales in the way I hoped,” he concluded.

Tagged:

Tag Box

Debt

Pension

Spending

Financial fitness

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Are you a first-time buyer looking for a mortgage?

Look no further, get the help you need by searching for your perfect mortgage

Which ISA is right for you? A round up of the six products available in 2017

From cash to innovative finance to lifetime, here's our guide to the ISA products available to savers this yea...

Guide to buy-to-let tax changes

In late 2015, former Chancellor George Osborne announced a range of  tax measures aimed at landlords, which t...

A guide to switching energy provider

All you need to know about switching from one energy supplier to another.

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Five fund tips for a 0.25% interest rate environment

With interest rates stuck at a record low 0.25% and expectations rates could fall to close to zero, here are ...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Investing your money

Alliance Trust Plc gives you smart insight into how to invest your money

Money Tips of the Week

Read previous post:
Insurers get heavy with the fraudsters

The insurance industry is launching a new investigations body today to tackle fraud, which is estimated at £1.5bn a year...

Close