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July 23, 2010By Sarah Weinman

Amazon Earnings Fall Short and Market Hits Shares

July 23, 2010By Sarah Weinman

Amazon reported second quarter sales after the close of the market yesterday of $6.54 billion, up 41% from a year ago and on target with expectations of $6.5 billion. But net income of $207 million, or 45 cents a share, was well short of analysts’ expectations and below the low end of the company’s own guidance. The consensus expectation was for 54 cents a share, and that’s after Amazon warned of lower earnings in April when they reported first quarter sales. Wall Street had anticipated earnings of $322 million before the April reset; and Amazon told investors to look for […]

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Filed Under: Booksellers, Earnings Reports, Finance

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