Amazon.com Inc reported on Thursday that net profit fell 10 percent to $142 million in the second quarter, or 32 cents per diluted share, compared with a net income of $158 million, or 37 cents per share in the second quarter of 2008.
The retailer was expected to earn 31 cents per share on average, according to a poll of analysts by Reuters Estimates.
Net revenue grew 14 percent to $4.65 billion in the second quarter, compared with $4.06 billion in the second quarter of 2008.
“We’re focused on providing customers low prices, vast selection, and fast delivery,” Amazon chief executive Jeff Bezos said in a released statement, remarking that customers saved more than $900 million with the company’s free shipping offers in the last year.
Operating income in the quarter fell 27 percent to $159 million, compared with $217 million in the second quarter a year ago.
Amazon forecast revenue in the third quarter of $4.75 billion to $5.25 billion. Operating profit was expected to be between $120 million and $210 million.