Amazon reports modest holiday sales, shares rise

The online retailer made a net profit of $214m (£142m) for the last three months of 2014, which is a dip of $25m in the same timescale as 2013.

But this has resulted in a significant improvement on the previous quarter, where Amazon saw a net loss of $437m – with the company’s shares increasing by roughly 8 per cent during after-hours trading.

Amazon said that profits may be ”materially affected by many factors, such as fluctuations in foreign exchange rates, changes in global economic conditions and consumer spending, world events, the rate of growth of the internet and online commerce.”

The ecommerce giant, which receives approximately a third of its revenue from October to December, highlighted earnings of 45 per cent, surpassing Wall Street’s average expectation for 17 cents.

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