Amazon reported financial results for its fourth quarter ended December 31, 2013.
Fourth Quarter 2013
- Net sales increased 20% to $25.59 billion in the fourth quarter, compared with $21.27 billion in fourth quarter 2012.
- Operating income increased 26% to $510 million in the fourth quarter, compared with $405 million in fourth quarter 2012.
- Net income increased to $239 million in the fourth quarter, or 51 cents per diluted share, compared with $97 million, or 21 cents per diluted share, in fourth quarter 2012.
Jeff Bezos (Founder and CEO, Amazon) It’s a good time to be an Amazon customer.
Full Year 2013
- Net sales increased 22% to $74.45 billion, compared with $61.09 billion in 2012.
- Operating income increased 10% to $745 million, compared with $676 million in 2012.
- Net income was $274 million, or 59 cents per diluted share, compared with net loss of $39 million, or 9 cents per diluted share, in 2012.
First Quarter 2014 Guidance
- Net sales are expected to be between $18.2 billion and $19.9 billion, or to grow between 13% and 24% compared with first quarter 2013.
- Operating income (loss) is expected to be between $200 million and $200 million, compared to $181 million in first quarter 2013.
[Image courtesy: Amazon]