Friday, April 27, 2012

AMAZON'S NET DECLINES

The Seattle based Internet retailer, reported net income of $130 million, for CYQ1, as compared to $201 million,  in the same period a year ago.

Amazon’s revenue rose 34 percent to $13.18 billion from $9.86 billion a year ago. Analysts on average were expecting Amazon to report  revenue of $12.9 billion for the quarter.

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