Advanced Search

Amazon's 4Q Sales +35% But Profit -57%

Jan 31, 2012 4:40 PM   By Jeff Miller
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share

RAPAPORT... Online retailer reported a strong fourth-quarter with revenue surging 35 percent year on year to $17.4 billion for the three months that ended on December 31. However, net income plunged 57 percent to $177 million. Product sales during the quarter rose almost 31 percent to $15.3 billion while business services increased 74 percent to $2.1 billion. Operating expenses, including cost of sales, marketing and fulfillment, rose 38 percent to $17.2 billion.

Jeff Bezos, Amazon's founder, said, ''Our millions of third-party sellers had a tremendous holiday season with 65 percent unit growth and now represent 36 percent of total units sold.''

Amazon's financial year reflected a 41 percent year on year increase in sales of $48.1 billion and profit fell 45 percent to $631 million.

Guidance for the company's first-quarter underway now suggests that net sales could  increase 22 percent to 36 percent, but that operating income is expected to be between a loss of $200 million and a gain of $100 million. The guidance included approximately $200 million for stock-based compensation and amortization of intangible assets.

Tags: Amazon, Jeff Miller
Similar Articles
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First
© Copyright 1978-2018 by Martin Rapaport. All rights reserved. Index®, RapNet®, Rapaport®, PriceGrid™, Diamonds.Net™, and JNS®; are TradeMarks of Martin Rapaport.
While the information presented is from sources we believe reliable, we do not guarantee the accuracy or validity of any information presented by Rapaport or the views expressed by users of our internet service.