Amazon (NASDAQ:AMZN) reported Q4 EPS of $0.21, $0.06 worse than the analyst estimate of $0.27. While, revenue for the quarter rose 22$ to $21.27 billion versus the consensus estimate of $22.27 billion. Shares are up 11% at $290 AMC.
Positive Catalysts in Report
- Operating income was reported up 56% year-over-year - above high end of guidance
- Jeff Bezos, founder and CEO of Amazon.com commented that "We're now seeing the transition we've been expecting. After 5 years, eBooks is a multi-billion dollar category for us and growing fast - up approximately 70% last year. In contrast, our physical book sales experienced the lowest December growth rate in our 17 years as a book seller, up just 5%. We're excited and very grateful to our customers for their response to Kindle and our ever expanding ecosystem and selection."
- Net sales increased 27% to $61.09 billion, compared with $48.08 billion in 2011. Excluding the $854 million unfavorable impact from year-over-year changes in foreign exchange rates throughout the year, net sales grew 29% compared with 2011.
First Quarter 2013 Guidance
Net sales are expected to be between $15.0 billion and $16.6 billion, or to grow between 14% and 26% compared with first quarter 2012. which is slightly below expectations according to AMZN)+Misses+Q4+EPS+by+6c%3B+Guides+Q1+Light+of+Views/8040004.html" target="_blank" rel="nofollow">Street Insider.
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