MacNN | Amazon quarterly report shows growing sales, modest profits
Mac News Network View: Standard | Headlines | Categorized | Slim
Mac News Network
Mac News iPod News Reviews Forums
 

Desktop Headlines
Amazon quarterly report shows growing sales, modest profits
Thursday, April 25, 2013 @ 5:45pm

Amazon today announced financial results for its first quarter that ended March 31. The company reports that net sales increased 22 percent to $16.07 billion in the first quarter, compared with $13.18 billion a year ago. Despite the increased sales, net income decreased 37 percent to $82 million in the first quarter, or $0.18 per share, compared with $130 million, or $0.28 per share in the first quarter of 2012.



Highlights of the quarter listed by Amazon include the expansion of Prime Instant Video, adding shows like Downton Abbey, Justified and Under the Dome as well as shows from HGTV, DIY Network, Food Network, Cooking Channel and the Travel Channel. Amazon also noted that the Kindle Owner's Lending Library has grown to over 300,000 books available to borrow for free as frequently as a book a month, including many titles exclusive to Amazon. For the second quarter of 2013, Amazon expects net sales to be between $14.5 billion and $16.2 billion, an increase of between 13 and 26 percent compared to the second quarter of 2012. The company expects to have operating income fall between a loss of $340 million and a $10 million gain, compared to a gain of $107 million in the year-ago-quarter.

Comments on this Article
Print Friendly Version
Email to a Friend
Add MacNN to Your RSS Feeds
Buy from the Apple Store


Related Stories:

Most Recent Stories:

  • Progress picks up pace in new Apple Campus video - 9:48 PM EST
  • Apple completes iTunes Festival lineup with final 20 performers - 8:00 PM EST
  • Apple 'investigating' if leaked celebrity pics came from iCloud - 6:00 PM EST
  • Google invitation to event in India may be Android One device launch - 3:04 PM EST
  • Python script attacking Find My iPhone may be behind celebrity leaks - 1:13 PM EST
  • Chinese SAIC purports Microsoft anti-piracy measures are monopolistic - 11:30 AM EST
  • Sony shows PS Vita streaming app, silver PlayStation 4, Morpheus - 10:32 AM EST

    Today's iPodNN Stories:
  • Google invitation to event in India may be Android One device launch - 3:04 PM EST
  • Sony shows PS Vita streaming app, silver PlayStation 4, Morpheus - 10:32 AM EST
  • Alienware announces new Area-51, shows Alpha at PAX Prime - 10:05 AM EST
  • Toshiba pushing TransferJet wireless adapters in Europe this year - 8:19 AM EST
  • Briefly: Best Buy LG G Watch price cut, WhatsApp Android Wear support - 7:06 AM EST
  • No comments posted on this story yet. Please post yours.
    Your Comments
    In order to post comments, you must be a registered member of the MacNN Forums and logged in. Please login with your MacNN Forums username and password.

    MacNN Forums Login:

    MacNN Forums Password:

    Not a member of the MacNN forums? Register now for free.