Amazon . com Q2 2012 earnings: net gain lower 96 percent to $7 million, internet sales up 29 percent to $12.83 billion

When internet mega store Amazon . com began its fiscal year earlier this spring with $13.8 billion in internet sales, the prognosis for that quarter ahead was dour, as you would expect. At that time, the organization forecasted its Q2 2012 performance would see a practical lack of $40 million to $260 million versus Q2 2011, in addition to a slight lower tick in revenue at $11.9 billion to $13.3 billion quarter to quarter. Well, the amounts have been in and it appears as though the forecast was directly on the cash. The Dallas-based outfit published $7 million in net gain for that quarter, a annually loss amounting to some whopping 96 percent decrease. For internet sales, that picture's a little rosier because of the 29 percent increase over Q2 2011 that saw the Bezos-backed co. pull in $12.83 billion -- a figure that will have risen to 32 percent were it not for any $272 million hit because of "alterations in foreign currency rates[.]" Operating income for Q2 2012 was lower by up to 50 % at $107MM in comparison towards the same segment this past year.

Not surprisingly, the business's budget Amazon Kindle Fire tab -- that has loved relatively weak competition thus far -- remains the number 1 item across Amazon's site, with game titles in the Lending Library growing to in excess of 170,000. Bezos also made note of Prime's growth, pegging that subscription offering's catalog of products at 15 million and highlighting adding 18,000 movies and television shows to the streaming service.

For the near future, the organization needs Q3 internet sales to develop by a minimum of 19 percent year-over-year, landing approximately $12.9 billion and $14.3 billion, having a forecasted operating lack of $50 million to $350 million. Go to the PR following the break for that full load of monetary levels and lows.

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Amazon . com Q2 2012 earnings: net gain lower 96 percent to $7 million, internet sales up 29 percent to $12.83 billion initially made an appearance on Engadget on Thu, 26 Jul 2012 16:09:00 EDT. Please visit our terms to be used of feeds.

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