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April 27, 2012 12:35 am GMT
Amazon just reported earnings for the first quarter of 2012. Net sales increased 34% to $13.18 billion in the first quarter, compared with $9.86 billion in first quarter 2011. Net income decreased 35% to $130 million in the first quarter, or $0.28 per diluted share, compared with net income of $201 million, or $0.44 per diluted share, in first quarter 2011. Analysts expected a profit of $0.07 per share on revenue of $12.9 billion for the quarter. Im excited to announce that we now have more than 130,000 new, in-copyright books that are exclusive to the Kindle Store you wont find them anywhere else. They include many of our top bestsellers in fact, 16 of our top 100 bestselling titles are exclusive to our store, said CEO and founder Jeff Bezos.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/25Y1r98oank/
Amazons Q1 2012: Revenue Up 34 Percent To $13.2B, Net Income Down 35 Percent
Amazon just reported earnings for the first quarter of 2012. Net sales increased 34% to $13.18 billion in the first quarter, compared with $9.86 billion in first quarter 2011. Net income decreased 35% to $130 million in the first quarter, or $0.28 per diluted share, compared with net income of $201 million, or $0.44 per diluted share, in first quarter 2011. Analysts expected a profit of $0.07 per share on revenue of $12.9 billion for the quarter. Im excited to announce that we now have more than 130,000 new, in-copyright books that are exclusive to the Kindle Store you wont find them anywhere else. They include many of our top bestsellers in fact, 16 of our top 100 bestselling titles are exclusive to our store, said CEO and founder Jeff Bezos.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/25Y1r98oank/
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