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.
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 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