Amazon announce record-breaking profits

amazon-quaterly-revenueThe online shopping company has just reported profits $239 million, or 51 cents per share on revenue of $25.59 billion. However, these results were below expectations and Analysts were expecting Amazon to earn 66 cents a share on $26.06 billion, this fall sent shares down in after hours trading.

For it’s current quarter, Amazon says it expects to bring in net sales between $18.2 and $19.9 billion.

Amazon CEO Jeff Bezos gave a small preview on this just-reported quarter last month, boasting that it was the ‘’best ever’’ holiday sales period the company’s ever had, including an all-time record for Cyber Monday sales.

Recently Amazon has announced updates to numerous products including, the second generation Kindle Paperwhite and new model Kindle HDX.

For the entire fiscal year, Amazon’s sales were up 22 percent from 2012. Amazon’s operating income also increased by 10 percent to $745 million.


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