Amazon beats profit predictions but falls on extra operating costs

first_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeGenius-Story.comTop 16 Most Beautiful Indian WomenGenius-Story.comUnleashed FinanceOur Jaws Dropped At Aircrew’s Shocking Find On Deserted IslandUnleashed FinancealldelishHere is what happens to your body when you start eating 2 eggs every dayalldelishYour Money Magic96-Year-Old Puts Her House For Sale. Look How It Looks InsideYour Money MagicChocolate.comCaitlyn Jenner No Makeup Photos Confirm the RumorsChocolate.comGive It LoveHilarious Photos Of Animal Parents With Their ChildrenGive It LoveFoodmzIf You Eat 3 Dates Every day For 1 Week This Is What Happens To Your BodyFoodmzNew ArenaThe People Have Spoken: Here Are The 25 Dumbest Dog Breeds According To Pet OwnersNew Arenahttps://trendybuzz.club7 Things That Happen To Your Body If You Sleep on Your Left Sidehttps://trendybuzz.club whatsapp KCS-content Show Comments ▼ Thursday 21 October 2010 9:05 pm THE WORLD’S biggest online retailer, Amazon, beat Wall Street expectations with its results yesterday, though shares fell as it announced higher than expected costs in the run-up to the Christmas rush. Revenue soared 39 per cent for the third quarter to $7.56bn (£4.81bn), though operating expenses also rose 40 per cent to $7.29bn. Pre-tax profit rose 16 per cent to $231m.The company did not reveal sales of its flagship Kindle reader, but said the device remains its best-selling item in both America and the UK. The company is adding to its customer service, IT and advertising in the fourth quarter. US shares had closed up three per cent, but fell more than four per cent to $157.89 after hours. Amazon shares have risen over 30 per cent this year. Tags: NULLcenter_img Amazon beats profit predictions but falls on extra operating costs whatsapp Share Read This NextThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayotRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wraplast_img read more