Bezos: With ebook sales up 70% in 2012, Amazon has hit "transition" it expected
Amazon announced fourth-quarter earnings slightly below investor expectations Tuesday afternoon — but operating income, widely viewed by investors as an important measure of the company’s overall health, rose, driving shares up in after-hours trading.
Net income for the quarter was $97 million, or $0.21 per share, on revenue of $21.27 billion — compared to profits of $177 million on revenue of $17.43 billion a year ago. Operating income rose 45 percent to $405 million.
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%0D%0ANet%20income%20for%20the%20quarter%20was%20$97%20million,%20or%20$0.21%20per%20share,%20on%20revenue%20of%20$21.27%20billion%20—%20compared%20to%20profits%20of%20$177%20million%20on%20revenue%20of%20$17.43%20billion%20a%20year%20ago.%20Operating%20income%20rose%2045%20percent%20to%20$405%20million.%0D%0A%0D%0Ahttps%3A%2F%2Fwww.bookbusinessmag.com%2Faggregatedcontent%2Fbezos-with-ebook-sales-up-70-2012-amazon-has-hit-andldquo-transitionandrdquo-expected%2F" target="_blank" class="email" data-post-id="9153" type="icon_link"> Email Email 0 Comments Comments