Amazon Earnings: Why Its Razor-Thin Profits Don’t Matter to the Market
Filed under: Apple, Amazon.com, Earnings, Retail
Amazon (AMZN) just released its fourth-quarter earnings report late Tuesday afternoon, announcing that it had racked up $21.27 billion in sales for the quarter — an increase of 22% from a year earlier.
Oh, and for all those billions, it managed to squeak out a meager $97 million in profits — a margin of less than half a percent. And for the first quarter of 2013, it projects somewhere between a $65 million profit and a $285 million loss.
The average consumer might be surprised to learn that…
Amazon Earnings: Why Its Razor-Thin Profits Don’t Matter to the Market originally appeared on DailyFinance.com on 2013-01-29T17:07:00Z.
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