Amazon.com reported net income of $16 million in the third quarter 2003, compared with a third-quarter 2002 loss of $35 million. The company’s net sales were $1.13 billion, up from $851 million a year ago. The quarter ended Sept. 30. Some of the net income was the result of favorable exchange rates. Sales within the Seattle-based online retailer’s international segment grew 61%, to $425 million. Roughly
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Amazon.com reported net income of $16 million in the third quarter 2003, compared with a third-quarter 2002 loss of $35 million. The company’s net sales were $1.13 billion, up from $851 million a year ago. The quarter ended Sept. 30.
Some of the net income was the result of favorable exchange rates. Sales within the Seattle-based online retailer’s international segment grew 61%, to $425 million. Roughly $28 million of that was attributed to changes in monetary rates. North American sales rose from $587 million to $709 million.
