Electronics, Overseas Sales Help Lift Amazon Q1 Sales
Amazon.com Inc. yesterday reported that first-quarter sales were $700 million, up 22 percent from the year-ago quarter, though net loss for the same period was $234 million.The Seattle retailer said electronics remained Amazon's second-biggest revenue puller in the United States, followed by tools and kitchenware. Books remain the top-selling item.
Also, international sales from Amazon's four global sites were considerably higher -- $132 million, up 76 percent from first quarter 2000.
During the first quarter, 3 million new customers ordered from Amazon, including 1 million from overseas. Amazon's cumulative customer accounts stand at 32 million, including 6 million international customers.
"We're on track to reach our objective of pro forma operating profitability in the coming December quarter," said Warren Jenson, chief financial officer at Amazon.
Pro forma profit excludes special charges such as acquisitions or lawsuits.
