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Amazon Beats The Street; Sales Up 51 Percent To $9.9B, Net Income Down 8 Percent
E-commerce giant Amazon just reported second quarter results, posting sales of $9.9 billion, an increase of 51 percent from the same quarter in 2010. Net income decreased 8% to $191 million in the second quarter, or $0.41 per diluted share, compared with net income of $207 million, or $0.45 per diluted share, in second quarter 2010. Analysts expected strong sales of $9.37 billion but earnings were expected to drop to $0.
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Amazon Misses: Q4 Sales Up 22 Percent To $21.3B, Net Income Down 45 Percent To $97M
Amazon just reported lower than expected fourth quarter earnings today. Net income decreased 45% to $97 million in the fourth quarter, or $0.21 per diluted share, compared with $177 million, or $0.38 per diluted share, in the fourth... Read Post
Amazon Misses, Q3 Sales Up 44 Percent To $10.9B; Net Income Down 73 Percent To $63M
Amazon reported third quarter earnings today. Net income decreased 73% to $63 million in the third quarter, or $0.14 per diluted share, compared with net income of $231 million, or $0.51 per diluted share, in third quarter 2010. The... Read Post
Amazon’s Sales Up 38 Percent To $9.86B in Q1, Net Income Down 33 Percent
E-commerce giant Amazon just reported first quarter 2011 result, posting $9.86 billion in the first quarter, which is up 38 percent from the same quarter in 2010. Unfortunately, Amazon's net income decreased 33% to $201 million in t... Read Post