Amazon Money
Amazon Money
Amazon Money

Online retailer Amazon has today released its Q2 2012 earnings. Revenue is at $12.83 billion with EPS of $0.01. Analysts had expected a mere $0.01 gain per share, down $0.41 from the year prior. The company previously had a strong Q1, showing a 34% increase in revenue to $13.18 billion following the holiday season. The company does have a concerning statement about its income, however: “Net income decreased 96% to $7 million in the second quarter, or $0.01 per diluted share, compared with net income of $191 million, or $0.41 per diluted share, in second quarter 2011. The second quarter 2012 includes $65 million of estimated net loss related to the acquisition and integration of Kiva Systems, Inc.” Read the full story at The Next Web.

About Shelly Palmer

Shelly Palmer is the Professor of Advanced Media in Residence at Syracuse University’s S.I. Newhouse School of Public Communications and CEO of The Palmer Group, a consulting practice that helps Fortune 500 companies with technology, media and marketing. Named LinkedIn’s “Top Voice in Technology,” he covers tech and business for Good Day New York, is a regular commentator on CNN and writes a popular daily business blog. He's a bestselling author, and the creator of the popular, free online course, Generative AI for Execs. Follow @shellypalmer or visit



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