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Amazon Announces Second Quarter Results

Amazon announced financial results for its second quarter ended June 30, 2013.

Net sales increased 22% to $15.7 billion in the second quarter, compared with $12.83 billion in second quarter 2012.  Operating income decreased 26% to $79 million in the second quarter, compared with $107 million in second quarter 2012. Net loss was $7 million in the second quarter, or 2 cents per diluted share, compared with net income of $7 million, or 1 cent per diluted share, in the second quarter 2012.

Jeff Bezos (Founder and CEO,  Amazon): This past quarter, our top 10 selling items worldwide were all digital products – Kindles, Kindle Fire HDs, accessories and digital content.

Operating cash flow increased 41% to $4.53 billion for the trailing twelve months, compared with $3.22 billion for the trailing twelve months ended June 30, 2012. Free cash flow decreased 76% to $265 million for the trailing twelve months, compared with $1.10 billion for the trailing twelve months ended June 30, 2012.

Common shares outstanding plus shares underlying stock-based awards, totaled $474 million on June 30, 2013, compared with $468 million one year ago.

Third Quarter 2013 Guidance

Net sales are expected to be between $15.45 billion and $17.15 billion, or to grow between 12% and 24% compared with third quarter 2012, says Amazon. Operating loss is expected to be between $440 million and $65 million, compared to $28 million in third quarter 2012.

Upload: 07-28-13

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