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Sales Rise 22 Percent At Amazon, Though International Media Stalls

April 25, 2013
By Michael Cader

Amazon’s sales grew 22 percent to $16.07 billion in their first quarter, as operating income fell to $181 million (down $11 million) and net income dropped more, down $48 million to $82 million in the quarter — for a margin of just over half of one percent. Though slim, those earnings were ahead of analysts’ expectations (but sales were slightly below estimates). The company forecast a likely loss for the next quarter (or a best a tiny margin of up to $10 million), and sees sales growing 13 percent to 26 percent. On that softer than expected outlook, shares fell […]

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Filed Under: Booksellers, Earnings Reports

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