Amazon Releases Q4 Results: Sales Up 22%, Revenue Down 47%
From Fast Company
January 30, 2013 - 6:12am
This is, says Jeff Bezos, a transitional period. Amazon released its Q4 results for 2012 yesterday, and the figures showed that the firm's income was down by almost half from the same period a year ago, from $177 million to $97 million. Jeff Bezos was sanguine about the results, despite an increase of 22% in revenues, calling it "the transition we've been expecting." And so what of the firm's investors? Despite the fact that it lost money, its profit margins were up to 3.2%, a rise of 0.5 of 1% year-on-year. which is what caught the eye of all those money men. The firm's share price closed 10% up during after-hours trading--compare and contrast that with investor behavior after Apple's Q4 results last week.Read Full Story
January 30, 2013 - 6:12am
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