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Amazon posts massive sales for Q4 2013, but sees tiny profits

Amazon posts $25.59 billion of revenue for Q4 2013, sees just $510 million of operating income (NASDAQ:AMZN)

| Business, Financial & Legal News | Posted: Jan 31, 2014 5:25 am

Amazon has revealed its Q4 2013 earnings, with a huge $25.59 billion in sales, which is up 20% compared to the same three-month period in 2012. The US retail giant posted just $510 million of that $25.59 billion in sales as operating income, which is up 26% year-over-year. As for its net income for the quarter, it saw $239 million.

 

TweakTown image news/3/5/35175_05_amazon_posts_massive_sales_for_q4_2013_but_sees_tiny_profits.jpg

 

The company is also reporting a record-setting holiday season for its Amazon Prime shipping service, which the company says it now has "tens of millions of members".

NEWS SOURCE
Androidcentral.com

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