Anaysts exected Amazon to stumble in the fourth quarter due to the economy and the etailer surprised investors with another strong report card. Sales increased 18 percent to $6.70 billion as operating income was flat at $272 million. Net income rose 9 percent to $225 million in the fourth quarter, or 52 cents per share. (Analysts were expecting only 39 cents a share, and sales of $6.44 billion.) For the coming quarter, the company expects sales to continue growing from between 9 percent and 19 percent. North American media sales (defined as sales from all sellers in categories such as […]
