UPDATE: Amazon.com, Inc. (AMZN) Misses Q4 EPS by 6c; Guides Q1 Light of Views
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Price: $281.76 --0%
Revenue Growth %: +21.7%
Financial Fact:
Marketing: 851M
Today's EPS Names:
CRWS, CLC, FNSR, More
Revenue Growth %: +21.7%
Financial Fact:
Marketing: 851M
Today's EPS Names:
CRWS, CLC, FNSR, More
Trade AMZN Now!
(Updated - January 29, 2013 4:04 PM EST)
Amazon.com, Inc. (NASDAQ: AMZN) reported Q4 EPS of $0.21, $0.06 worse than the analyst estimate of $0.27. Revenue for the quarter rose 22$ to $21.27 billion versus the consensus estimate of $22.27 billion.
Net income decreased 45% to $97 million in the fourth quarter.
Amazon.com sees Q1 sales of $15-$16.6 billion, versus the consensus of $16.85 billion. Q1 operating income (loss) is expected to be between $(285) million and $65 million, compared to $192 million in the prior year period.
"We're now seeing the transition we've been expecting," said Jeff Bezos, founder and CEO of Amazon.com. "After 5 years, eBooks is a multi-billion dollar category for us and growing fast – up approximately 70% last year. In contrast, our physical book sales experienced the lowest December growth rate in our 17 years as a book seller, up just 5%. We're excited and very grateful to our customers for their response to Kindle and our ever expanding ecosystem and selection."
After an initial knee jerk down on the results, shares are now sharply higher. Shares last traded at $279 versus a price in the $268-range before the close.
For earnings history and earnings-related data on Amazon.com, Inc. (AMZN) click here.
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Amazon.com, Inc. (NASDAQ: AMZN) reported Q4 EPS of $0.21, $0.06 worse than the analyst estimate of $0.27. Revenue for the quarter rose 22$ to $21.27 billion versus the consensus estimate of $22.27 billion.
Net income decreased 45% to $97 million in the fourth quarter.
Amazon.com sees Q1 sales of $15-$16.6 billion, versus the consensus of $16.85 billion. Q1 operating income (loss) is expected to be between $(285) million and $65 million, compared to $192 million in the prior year period.
"We're now seeing the transition we've been expecting," said Jeff Bezos, founder and CEO of Amazon.com. "After 5 years, eBooks is a multi-billion dollar category for us and growing fast – up approximately 70% last year. In contrast, our physical book sales experienced the lowest December growth rate in our 17 years as a book seller, up just 5%. We're excited and very grateful to our customers for their response to Kindle and our ever expanding ecosystem and selection."
After an initial knee jerk down on the results, shares are now sharply higher. Shares last traded at $279 versus a price in the $268-range before the close.
For earnings history and earnings-related data on Amazon.com, Inc. (AMZN) click here.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
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