Amazon sales

Amazon Earnings Rise 16% on Electronics Sales

Amazon's third-quarter profits rose 16% thanks to surge in sales of electronic products such as its Kindle e-reader, the world's largest online retailer reported after the bell Thursday. Net income was $231 million, up from $199 million a year earlier, the company said in its earnings statement.

Amazon Doesn't Care About Wall Street's Concerns

Investors hammered Amazon over it's underwhelming second-quarter results. That's no biggie for the online retailer, though. When it comes to e-books, despite rising competition, Amazon remains top dog, and it looks very likely to stay that way.