Printed from http://www.electronista.com

Amazon posts 23 percent increase, still not making money

updated 07:14 pm EDT, Thu April 24, 2014

Company expects massive losses in second quarter

Amazon today announced financial results for its first quarter ended March 31. Net sales increased 23 percent to $19.74 billion in the first quarter, compared with $16.07 billion in first quarter of 2013. Net income increased to $108 million in the first quarter, or $0.23 per share, compared with $82 million, in the same time period in 2013.

Operating income decreased 19 percent to $146 million in the first quarter, compared with $181 million in first quarter 2013. Operating cash flow increased 26 percent to $5.35 billion for the trailing twelve months, compared with $4.25 billion for the trailing twelve months that ended in 2013.

For the second quarter of 2014, net sales are expected to be between $18.1 billion and $19.8 billion. The company is expecting a loss of between $455 million and $55 million, compared to $79 million in profit for the second quarter of 2013.



By Electronista Staff
Post tools:

TAGS :

toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Advertisement

Recent Reviews

Neurio Intelligent Home Monitor

The recently released Neurio Intelligent Home Monitor is a piece of hardware that, when integrated into a home's breaker box, monitors ...

Apple 13-inch MacBook Pro (Early 2015)

Although the new darling of the Apple MacBook line up is the all-new MacBook, Apple has given its popular 13-inch MacBook Pro with Ret ...

Seagate Wireless

It seems like no matter how much internal storage is included today's mobile devices, we, as users, will always find a way to fill the ...

Advertisement

toggle

Most Commented

 
toggle

Popular News