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.

| Jan 30, 2014 at 11:25 pm CST

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.

Amazon posts massive sales for Q4 2013, but sees tiny profits | TweakTown.com

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".

Last updated: Jun 16, 2020 at 04:29 pm CDT

NEWS SOURCE:androidcentral.com

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