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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

Trace Hagan | Apr 25, 2013 at 05:03 pm CDT (0 mins, 54 secs reading time)

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.

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

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 Amazons full earnings announcement here.

Last updated: Nov 30, -0001 at 12:00 am CST

NEWS SOURCE:techcrunch.com
Trace Hagan

ABOUT THE AUTHOR - Trace Hagan

Trace is a starving college student studying Computer Science. He has a love of the English language and an addiction for new technology and speculation. When he's not writing, studying, or going to class, he can be found on the soccer pitch, both playing and coaching, or on the mountain snowboarding.

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