Amazon.com worldwide revenue grows in Q2

Amazon.com's revenue surged ahead in the second quarter both in and outside the U.S.

Amazon.com's revenue surged ahead in the second quarter both inside and outside the US as electronics and other merchandise made up more of its business, the company reported Tuesday.

Revenue hit US$1.75 billion (AU$2.3 billion) in the quarter ended June 30, up 26 percent from US$1.39 billion in last year's second quarter. Sales in the Seattle company's international segment, including its U.K., French, German, Japanese and Chinese units, grew 33 percent from a year earlier to reach US$793 million, according to a company statement.

The pioneer in online bookselling saw sales of electronics and general merchandise, as distinct from books and other media, grow to 26 percent of its worldwide sales from 23 percent a year earlier.

Net income declined to US$52 million from US$76 million in the second quarter of 2004, including US$56 million in income tax expense, which was up from US$5 million a year earlier. Amazon's earnings were US$0.12 per share, down from US$0.18 per share in last year's second quarter. However, that figure beat financial analysts' consensus estimate of US$0.10 per share according to Thomson First Call. Amazon also slightly exceeded the consensus estimate of revenue, which was US$1.73 billion.

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