Popular online retailer Amazon.com today announced financial results for its fourth quarter and year ended December 31, 2007. Most notably, net sales increased 42% to $5.67 billion in the fourth quarter, compared with $3.99 billion in fourth quarter 2006. Excluding the $0.20 billion favorable impact from year-over-year changes in foreign exchange rates throughout the quarter, net sales grew 37% compared with fourth quarter 2006. The rest of Amazon's financials were in similarly good shape: operating cash flow was $1.41 billion in 2007, compared with $0.70 billion in 2006. Free cash flow increased 143% to $1.18 billion in 2007, compared with $0.49 billion in 2006.
"This quarter showed accelerated sales growth and record operating profits," said Jeff Bezos, founder and CEO of Amazon.com. "In our view, these unusual financial results are driven by one thing: continuously improving the customer experience."
As L3thal has pointed out, however, despite the good news from Amazon's release, in after hours trading, the company closed down nearly $9 from its close at the end of the trading day.
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