Firm Predicts Amazon 3Q Sales Over $700M

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Advisory services firm Compete Inc. said that Amazon.com would post healthy third-quarter sales after suffering a one-week slip because of the Sept. 11 terrorist attacks.


The Boston-based company predicts Amazon's sales for the quarter will top $700 million, exceeding most analysts' estimates of $650 million.


Visits to Amazon during the third quarter rose by 13 million over the second quarter, and conversion rates increased in the third quarter, Compete said.


"Our detailed analysis shows that Amazon suffered only a week of depressed activity as a result of the terrorist attacks in New York and Virginia," said Matt Work, chief strategy officer for Compete. "Traffic and buying activity on Amazon has rebounded since September 11 and even slightly exceeds pre-attack levels."


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