Online retail giant Amazon reported mixed results for its second quarter 2012 earnings today.
The company hit its own revenue goal for Q2, increasing 29 percent to $12.83 billion, compared with $9.91 billion in second quarter 2011. Wall Street, however, was expecting the company to bring in $12.88 billion in revenue. Amazon reported a decline in operating income to $107 million, compared to $201 million during the same period last year.
It’s net income decreased 96 percent to $7 million in the second quarter, or $0.01 per diluted share, compared with net income of $191 million ($0.41 per diluted share). The results include a $65 million loss from its purchase of Kiva for $65 million.
As for the future, Amazon expects net sales of $12.9 billion – $14.3 billion (or a 19 – 31 percent boost compared with Q3 2011). It expects an operating income loss of $350 million to $50 million, which is down from $79 million in the same period last year.
We’ve included the Q2 2012 highlight’s below.
Jeff Bezos photo via etech/Flickr
VentureBeat's mission is to be a digital town square for technical decision-makers to gain knowledge about transformative enterprise technology and transact. Learn More
