Amazon.com (NASDAQ: AMZN ) has reported mixed results in its Q4 and 2012 report. For the quarter, the company's net sales grew 22% on a year-over-year basis to $21.3 billion; however, net profit declined over that same time frame. It dropped 45% to $97 million, or $0.21 per diluted share.
Although analysts had been expecting substantially higher numbers in both metrics -- $22.3 billion in the top line and $0.28 in EPS -- the retailer's stock nevertheless jumped in after-hours trading. It was up by more than $20, or 8%, to $280.63.
For the full year, net sales grew 27% to $61.1 billion, while the bottom line came in at loss of $39 million ($0.09 diluted EPS). Those figures for 2011 were $48.1 billion and a profit of $631 million ($1.37 diluted EPS).
More Expert Advice from The Motley Fool
Everyone knows Amazon is the big bad wolf in the retail world right now, but at its sky-high valuation, most investors are worried it's the company's share price that will get knocked down instead of competitors'. We'll tell you what's driving the company's growth, and how to know when to buy and sell Amazon in our new premium report. Our report also has you covered with a full year of free analyst updates to keep you informed as the company's story changes, so click here now to read more.
No comments:
Post a Comment