Amazon reports mixed Q2 results, with revenue up $12.8B

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Online retail giant Amazon reported mixed results for its second quarter 2012 earnings today.

The company hit its own revenue goal for Q2, increasing 29 percent to $12.83 billion, compared with $9.91 billion in second quarter 2011. Wall Street, however, was expecting the company to bring in $12.88 billion in revenue. Amazon reported a decline in operating income to $107 million, compared to $201 million during the same period last year.

It’s net income decreased 96 percent to $7 million in the second quarter, or $0.01 per diluted share, compared with net income of $191 million ($0.41 per diluted share). The results include a $65 million loss from its purchase of Kiva for $65 million.

As for the future, Amazon expects net sales of $12.9 billion – $14.3 billion (or a 19 – 31 percent boost compared with Q3 2011). It expects an operating income loss of $350 million to $50 million, which is down from $79 million in the same period last year.

We’ve included the Q2 2012 highlight’s below.

Jeff Bezos photo via etech/Flickr


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