Amazon Money
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.
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