WSJ: New economics rewrite book business.
1 year ago - 
5
5 Amazon's Q3 profits go up, up, and UP.
Uh huh, yeah:
The Seattle-based e-commerce giant said its net income rose to $199 million, or 45 cents per share, compared to $118 million, or 27 cents per share last year. Analysts polled by Thomson Reuters expected earnings per share to rise to just 33 cents.
Revenues at Amazon (AMZN, Fortune 500) climbed 28% to $5.45 billion in the quarter, beating beat analysts’ expectations of an 18% rise to $5.03 billion.
Shares of Amazon rose nearly 15% in after-hours trading.
Sales of electronics and other general merchandise, which represents 43% of Amazon’s revenue mix, grew 51% in the North America and 48% internationally. Much of that growth was attributed to the Kindle e-reader.
