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:

Today's MacNN Stories:

  • Microsoft moves to exit consumer smartphone business - 12:20 PM EST
  • - 12:08 PM EST
  • Apple patent suggests way to mount cellular antennas in MacBook hinge - 11:40 AM EST
  • - 11:09 AM EST
  • Otterbox uniVerse case brings modularity to iPhone with accessories - 10:17 AM EST
  • MacNN Deals: Secure yourself online with these four offers - 10:06 AM EST
  • Google Paris HQ raided by investigators - 9:57 AM EST
  • Apple TV extends universal search to NBC - 9:45 AM EST
  • Apple to roll out Siri SDK at WWDC, working on Amazon Echo challenger - 9:19 AM EST
  • Apple rehires encryption specialist, Blackphone co-founder Jon Callas - 8:45 AM EST
  • Seeking $5M payout, lawyers challenge Error 53 suit dismissal filing - 8:43 AM EST
  • Public betas of iOS 9.3.3, OS X 10.11.6; Airport Base Station updates - 8:15 AM EST
  • The Big Deal: Pick your own app bundle for $22 with BundleHunt - 7:55 AM EST
  • Five banks pledge support for Apple Pay in Singapore - 7:23 AM EST
  • One Week without iTunes: the Results - 7:09 AM EST
  • Apple job posting hunting for lawyer with health, HIPAA expertise - 6:45 AM EST

    Today's iPodNN Stories:
  • So long, and thanks for everything! - 2:31 PM EST
  • Lizard Squad member convicted over 50,700 computer crime charges - 9:58 AM EST
  • Microsoft offers grants to universities for HoloLens research - 7:25 AM EST
  • LG Display starts mass production of AIT display panels for notebooks - 7:47 AM EST
  • Briefly: EE fined £1M in UK, Unofficial YouTube app on Android Wear - 11:14 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.