http://www.blogcdn.com/www.engadget.com/media/2012/04/amazon-money.jpg It’s no Apple-sized quarter, but you’d need to be on HGTV’s Million Dollar Rooms a handful of times over to scoff at Amazon’s Q1 2012 earnings. Or, you know, Wall Street. After reporting $177 million in net earnings last quarter (on $17.43 billion in revenue), the online sales behemoth has today registered $13.18 billion in net sales – proudly reporting that said tally was up from the $9.86 billion in its Q1 a year ago. Excluding the $56 million unfavorable impact from year-over-year changes in foreign exchange rates throughout the quarter, net sales would have grown 34 percent compared with first quarter 2011. As for operating income? That checked in at $192 million (compared to $322 million Q1 2011), with the outfit noting that the “unfavorable impact from year-over-year changes in foreign exchange rates throughout the quarter on operating income was $4 million.” Net income also sank 35 percent from $201 million a year ago, but it still left Amazon with $130 million more in the bank than it had just three months ago.
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Amazon’s Q1 2012 earnings: net income down 35 percent to $130 million, net sales at $13.18 billion originally appeared on Engadget on Thu, 26 Apr 2012 16:36:00 EDT. Please see our terms for use of feeds.
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