Amazon Sales Soar, But Profits Don’t
(SEATTLE) -- It sells us almost everything. But why doesn’t Amazon make more money as the world’s biggest online retailer?
Despite massive sales and revenue growth of 20 percent during the fourth quarter, Amazon earned only $239 million. Its operating margin was just 2 percent during the fourth quarter.
Analysts were expecting more. The company’s shares fell in after-market trading.
Amazon’s chief financial officer says the firm may raise prices on its Amazon Prime two-day free shipping service because of rising fuel costs.
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