Amazon (NASDAQ: AMZN) shares dropped over 7% after the world’s largest e-commerce company posted poor earnings.
Amazon’s earnings dropped 83% to $.01 from $.41 in the same quarter a year ago. Revenue rose to $12.83 billion from $9.91 billion
– North America segment sales, representing the Company’s U.S. and Canadian sites, were $7.33 billion, up 36% from second quarter 2011.
– International segment sales, representing the Company’s U.K., German, Japanese, French, Chinese, Italian and Spanish sites, were $5.51 billion, up 22% from second quarter 2011. Excluding the unfavorable impact from year-over-year changes in foreign exchange rates throughout the quarter, sales grew 28%.
Amazon also pointed out that
– Kindle Fire remains the #1 bestselling product across the millions of items
available on Amazon.com since launch. Over this same period, the top 10 selling
items on Amazon.com were digital products – Kindle, Kindle books, and
As usual, CEO Jeff Bezos would not give any data.
Douglas A. McIntyre