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Amazon.com Inc. (NASDAQ:AMZN)
Amazon.com, Inc. seeks to be Earth’s most customer-centric company, where customers can find and discover anything they might want to buy online, and endeavors to offer its customers the lowest possible prices.
Amazon.com, Inc. announced their financial results for its second quarter ended June 30, 2011.
AMZN net sales increased 51% to $9.91 billion in the second quarter, compared with $6.57 billion in second quarter 2010. Excluding the $477 million favorable impact from year-over-year changes in foreign exchange rates throughout the quarter, net sales would have grown 44% compared with second quarter 2010.
North America segment sales, representing the Company’s U.S. and Canadian sites, were $5.41 billion, up 51% from second quarter 2010.
Worldwide Media sales grew 27% to $3.66 billion. Excluding the favorable impact from year-over-year changes in foreign exchange rates throughout the quarter, sales grew 20%.
“Low prices, expanding selection, fast delivery and innovation are driving the fastest growth we’ve seen in over a decade. Kindle 3G with Special Offers has quickly become our bestselling Kindle at only $139. Customers love the convenience of a 3G reader — no hunting for or paying for Wi-Fi hotspots. Amazon picks up the tab for the 3G wireless, so you have no monthly payments or annual contracts,” stated Jeff Bezos, founder and CEO of Amazon.com.
For more information about Amazon.com, Inc. please visit http://www.amazon.com/
Team, Inc. (NASDAQ:TISI)
Team, Inc. is a leading provider of specialty industrial services required in maintaining and installing high-temperature and high-pressure piping systems and vessels that are utilized extensively in the refining, petrochemical, power, pipeline and other heavy industries.
TISI reported their financial results for the fiscal year ending May 31, 2011.
Team, Inc. reported earnings, adjusted for non-routine items, of $25.2 million ($1.26 per diluted share), up 62% versus adjusted net income of $15.6 million ($0.80 per diluted share) for the prior year. Revenues for the year ended May 31, 2011 were $508.0 million, a 12% increase compared to revenues of $453.9 million for the prior year. Fourth quarter revenues and earnings were $161.6 million and $10.8 million, ($0.53 per diluted share), respectively.
Fiscal year 2011 revenues exceeded $500 million for the first time in Team's history and a new record was set for quarterly revenues, as well.
"Our results for both the quarter and the year reflect new record highs for both revenues and earnings," stated Phil Hawk, Team's CEO and Chairman.
For more information about Team, Inc. please visit http://www.teamindustrialservices.com
ArthroCare Corporation (NASDAQ:ARTC)
ArthroCare Corporation develops and manufactures surgical devices, instruments, and implants that strive to enhance surgical techniques as well as improve patient outcomes. Its devices improve many existing surgical procedures and enable new minimally invasive procedures. Many of ArthroCare’s devices use its internationally patented Coblation® technology. This technology precisely dissolves target tissue and limits damage to surrounding healthy tissue. ArthroCare also develops surgical devices utilizing other patented technology including its OPUS® line of fixation products as well as re-usable surgical instruments.
ARTC has received clearance from the U.S. Food and Drug Administration (FDA) for its SpeedFix™ Suture System (SpeedFix™). SpeedFix, a push-in anchor made of PEEK (polyether-etherketone) polymer, is designed for the repair of tears of the labrum in a shoulder.
SpeedFix is expected to complement ArthroCare’s broad line of suture anchors and ArthroCare’s suture passing technology, including FirstPass™.
For more information about ArthroCare Corporation please visit http://www.arthrocare.com
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