Wednesday afternoon, Amazon.com, Inc. (NASDAQ:AMZN) announced that net income continued to rise during their third quarter, which ended in September. Net income increased 48% to reach $118 million, or 27 cents per share. Last year the company reported net income of $80 million, or 19 cents per share. Revenue totaled $4.26 billion, a 31 percent increase. Analysts had expected the company to report $4.27 billion in revenue and earnings per share of $0.25. However, the company now expects its 2008 revenue to come in between $18.46 billion to $19.46 billion, putting the higher end tof its range below analysts average estimate of $19.52 billion.

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