Amazon Q2 Sales Up 29%, But Earnings Just Miss
Posted: 7/27/2012 | By: Tomio Geron | Forbes.com
Amazon.com reported earnings and revenue in the second quarter of 2012 that slightly missed analysts expectations, sending the stock down in after hours trading.
Amazon reported net income of 1 cent per diluted share, down 96% from 41 cents, or $191 million, in the year-ago period. Net sales in the quarter were $12.89 billion, which was up 29%.