Online retailer Amazon has today released its Q2 2012 earnings. Revenue is at $12.83 billion with EPS of $0.01. Analysts had expected a mere $0.01 gain per share, down $0.41 from the year prior. The company previously had a strong Q1, showing a 34% increase in revenue to $13.18 billion following the holiday season. The company does have a concerning statement about its income, however: “Net income decreased 96% to $7 million in the second quarter, or $0.01 per diluted share, compared with net income of $191 million, or $0.41 per diluted share, in second quarter 2011. The second quarter 2012 includes $65 million of estimated net loss related to the acquisition and integration of Kiva Systems, Inc.” Read the full story at The Next Web.
Amazon misses in Q2: $12.83 billion in revenue, up 29%, income down 96%
Author: Shelly Palmer
Shelly Palmer is Fox 5 New York's On-air Tech Expert (WNYW-TV) and the host of Fox Television's monthly show Shelly Palmer Digital Living. He also hosts United Stations Radio Network's, Shelly Palmer Digital Living Daily, a daily syndicated radio report that features insightful commentary and a unique insiders take on the biggest stories in technology, media, and entertainment. He is Managing Director of Advanced Media Ventures Group, LLC an industry-leading advisory and business development firm and a member of the Executive Committee of the National Academy of Television Arts & Sciences (the organization that bestows the coveted Emmy® Awards).