Amazon Q3 2012 Results: Net Sales Was $13.81 Billion, Sales Up 27%, Loss Per Share Was $0.60

Posted on Oct 25 2012 - 8:04pm by Editorial Staff

Amazon logo 300x78 Amazon Kindle Lending Library Comes To UK, Germany, France This Month

Amazon today reported its third quarter 2012 results. The company reported net sales of $13.81 billion in the third quarter, an increased 27%, compared with $10.88 billion in third quarter 2011. Operating loss was $28 million in the third quarter, compared with operating income of $79 million in third quarter 2011. Net loss was $274 million in the third quarter, or $0.60 per diluted share, compared with net income of $63 million, or $0.14 per diluted share, in third quarter 2011.

“Our approach is to work hard to charge less. Sell devices near breakeven and you can pack a lot of sophisticated hardware into a very low price point,” said Jeff Bezos, founder and CEO of “The next two bestselling products worldwide are our Kindle Paperwhite and our $69 Kindle. We’re selling more of each of these devices than the #4 bestselling product, book three of the Fifty Shades of Grey series. And we haven’t even started shipping our best tablet – the $299 Kindle Fire HD 8.9” ships November 20.”

For the fourth Quarter 2012 Guidance, the company reported Net sales expected to be between $20.25 billion and $22.75 billion, or to grow between 16% and 31% compared with fourth quarter 2011. Operating income (loss) is expected to be between $(490) million and $310 million, compared with $260 million in the prior year period.

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