Amazon?s Q1 2012: Revenue Up 34 Percent To $13.2B, Net Income Down 35 Percent

Amazon just reported earnings for the first quarter of 2012. Net sales increased 34% to $13.18 billion in the first quarter, compared with $9.86 billion in first quarter 2011. Net income decreased 35% to $130 million in the first quarter, or $0.28 per diluted share, compared with net income of $201 million, or $0.44 per diluted share, in first quarter 2011. Analysts expected a profit of $0.07 per share on revenue of $12.9 billion for the quarter. ?I?m excited to announce that we now have more than 130,000 new, in-copyright books that are exclusive to the Kindle Store ? you won?t find them anywhere else. They include many of our top bestsellers ? in fact, 16 of our top 100 bestselling titles are exclusive to our store,? said CEO and founder Jeff Bezos.

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