Friday, November 17, 2017
 
 
News: Page (1) of 1 - 07/26/12 Email this story to a friend. email article Print this page (Article printing at MyDmn.com).print page facebook
Amazon.com meets tiny 2Q profit expectations
Amazon.com meets tiny 2nd-quarter profit expectations but revenue comes up short
By The Associated Press

SEATTLE (AP) Online retailer Amazon.com is reporting second-quarter earnings that match Wall Street's small expectations, but its revenue gains have fallen short of forecasts.

Net income in the three months to June 30 came to just $7 million, or a penny per share, a drop of 96 percent from $191 million, or 41 cents, a year ago.

That matched expectations of analysts polled by FactSet, although Amazon.com Inc. says its profit was hurt by a $65 million loss related to its acquisition of Kiva Systems Inc.



Revenue grew 29 percent to $12.83 billion, short of the $12.90 billion expected by analysts.

However, Amazon.com said Thursday that revenue was negatively impacted by currency movements to the tune of $272 million.

Shares fell 1.7 percent to $216.38 in after-hours trading.


Page: 1


 
 
 
 
 
 
 
 
 
 
 





Our Privacy Policy --- About The U.S. Daily News - Contact Us - Advertise With Us - Privacy Guidelines