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Amazon Q2 2013 Earnings: A Miss, $7M Loss

by Todd Haselton | July 25, 2013July 25, 2013 9:00 pm PST

Amazon Financial Earnings Report

Amazon reported its second quarter 2013 earnings on Thursday. The company missed Wall Street expectations of $0.06 earnings per share and instead reported a $7 million net loss, or a loss of $0.02 per share, down from net income of $7 million during Q2 2012.

CEO Jeff Bezos said his company’s Kindle products were the top 10 selling items on the site and noted that Prime Instant Video now has 40,000 titles and that 350,000 exclusive titles in the Kindle Store are only available for Kindle products.

Despite a loss, Amazon’s net sales jumped 22 percent to $15.70 billion for the quarter. Its net sales in Q2 2012 were $12.83 billion. The company expect next quarter net sales to fall between $15.45 billion and $17.15 billion, representing a growth between 12 percent and 24 percent over the third quarter of last year, though an operating loss between $440 million and $65 million is expected again.

Amazon closed the day up 1.49 percent at $303.40 but dropped 1.45 percent to $299.01 in after hours trading following the publication of its earnings.

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Todd Haselton

Todd Haselton has been writing professionally since 2006 during his undergraduate days at Lehigh University. He started out as an intern with...

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