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Amazon beats Wall Street estimates, revenue in at $16bn, net income at $82m

Amazon's earnings results a mixed bag, beat analyst expectations on some metrics

| Business, Financial & Legal News | Posted: Apr 25, 2013 10:03 pm

Amazon is quite the online reseller. It's one of the few giants in the online marketplace, rivaled only by Ebay and a few others. Today, they reported their first-quarter earnings. The reported earnings managed to be mixed. On one hand, they performed way better than expectations in terms of EPS. On the other, Amazon's sales numbers fell just short of Wall Street's estimates for total sales.

 

TweakTown image news/2/9/29962_1_amazon_beats_wall_street_estimates_revenue_in_at_16bn_net_income_at_82mn.png

 

Amazon Studios is working on a new way to greenlight TV shows. The pilots are out in the open where everyone can have a say. I have my personal picks and so do members of the Amazon Studios team, but the exciting thing about our approach is that our opinions don't matter. Our customers will determine what goes into full-season production. We hope Amazon Originals can become yet another way for us to create value for Prime members.

 

Amazon pulled in earnings-per-sahre of $0.18, beating expectations of just $0.08. Amazon also had total sales of $16.07 billion, falling just short of analyst expectations of $16.2 billion. You can read Amazon's full earnings announcement here.

NEWS SOURCE
Techcrunch.com

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