Online retailer Amazon.com said last night that it expected fourth quarter 2000 revenue to exceed $960 million, up 40% from a year earlier. Gross profits are foreseen rising more than 140% to around $210 million.
Amazon said its adjusted fourth-quarter operating loss would be 7% of net sales, down from 26% in the fourth quarter of 1999.
At the start of 2001, Amazon had 1.1 million dollars in cash and marketable securities, with an inventory balance of $175 million, the company said. Amazon will release fourth quarter earnings on January 30.
