Sales Soar, Earnings Fall At Amazon

Total sales at Amazon rose 29% in the second quarter ended June 30, rising to $12.83 billion, while operating income fell to $107 million from $201 million in last year’s second quarter. Both figures were hurt by foreign exchange and the sales figure was at the high end of its forecast with income exceeded its earlier predictions. North America media sales increased 18% in the quarter, to $1.87 billion, while electronics and other general merchandise jumped 41%, to $4.94 billion. Media sales include all digital content while egm includes all Kindle devices. Worldwide media sales rose 13%, to $4.12 billion, while egm sales increased 38% to $8.16 billion.

via Sales Soar, Earnings Fall At Amazon.

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