Amazon.com says 4Q sales up 42%

SEATTLE Amazon.com today reported a net sales increase of 42% for its fourth quarter. The company reported that net sales for the period were $5.67 billion, compared with $3.99 billion for the fourth quarter 2006.

The company reported net income increased 112% to $207 million in the fourth quarter, or 48 cents per diluted share, compared with net income of $98 million, or 23 cents per diluted share, in fourth quarter 2006.

For the full year 2007, Amazon.com said net sales increased 39% to $14.84 billion, compared with $10.71 billion in 2006.

Net income increased 150% to $476 million in 2007, or $1.12 per diluted share, compared with net income of $190 million, or 45 cents per diluted share, in 2006.

For the first quarter 2008, Amazon.com said it expects net sales to be between $3.95 billion and $4.15 billion, or to grow between 31% and 38% compared with first quarter 2007.

The company expects net sales for the full year 2008 to be between $18.75 billion and $19.75 billion, or to grow between 26% and 33% compared with 2007.