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Amazon Grows In Fourth Quarter, and Stock Slides On Lower Than Expected Sales and Earnings

January 30, 2014
By Michael Cader

Amazon reported fourth quarter sales after the close of the market on Thursday, with sales of $25.6 billion (up 20 percent) and net income of $239 million, or 51 cents a share. (That’s a profit margin of less than 1 percent.) Analysts were expecting higher sales and earnings, and the stock is down sharply in early after-hours trading but finished down $19 a share — after gaining about the same amount during regular trading, so a wash on the day. North American media sales in the quarter were $3.5 billion, up 21 percent, and international media sales were up only […]

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Filed Under: Booksellers, Earnings Reports

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