Amazon.com reports rise in Q3 profit

Web retailer Amazon.com's its third-quarter profit more than quadrupled, as shoppers around the world bought more books, music, electronics and other goods than they did a year ago, an Associated Press report said.

The Associated Press report said earnings for the quarter ended September 30 skyrocketed to $80 million, from $19 million, during the same period last year.

Results beat Wall Street's expectations, the report also said.

The report said tevenue climbed 41% to $3.26 billion from $2.31 billion in the year-ago quarter. Analysts predicted $3.14 billion in sales.

Amazon.com said sales on US and Canada sites rose 42% in the quarter compared with a year ago, and international sales improved 40%.

Amazon increased its revenue forecast for the fiscal year to between $14.26 billion and $14.61 billion, from earlier guidance of $13.80 billion to $14.30 billion, the report further said.

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