. Amazon on Tuesday reported $17.4 billion in revenue for the fourth quarter. While its net sales were up 35% from the $12.95 billion reported during the fourth quarter of last year, the company missed analyst estimates of $18.26 billion in revenue for the quarter. Amazon's net income decreased 58% to $177 million during the quarter, or $0.38 per diluted share, compared with the net income of $416 million it reported during the same quarter last year. Net sales for the year jumped 41% to $48.08 billion, up from the $34.20 billion the company reported in 2010.
Boy Genius Report, Amazon reports $17.4B in revenue, sales up 35% but misses Street estimates
No comments:
Post a Comment