Amazon.com reported its first-ever net profit of $5 million for its fourth quarter. The net profit, for the quarter ended Dec. 31, includes charges like acquisition expenses, stock compensation and interest payment on debt. Last year during the fourth quarter, the e-marketing giant posted a loss of $545 million. Revenues were a record $1.12 billion, compared with $972 million a year ago. The Seattle-based
Amazon.com reported its first-ever net profit of $5 million for its fourth quarter.
The net profit, for the quarter ended Dec. 31, includes charges like acquisition expenses, stock compensation and interest payment on debt. Last year during the fourth quarter, the e-marketing giant posted a loss of $545 million.
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Revenues were a record $1.12 billion, compared with $972 million a year ago.
The Seattle-based company also reported a pro forma net profit of $35 million. This figure includes interest but excludes other costs. This compares to a loss of $90 million last year.
Financial analysts expected the company to show a small profit only on a pro forma operating basis.
