updated 06:03 pm EST, Thu January 30, 2014
Profit on the year comes in at $274 million
Amazon today announced financial results for its fourth quarter. Net sales from the e-commerce giant increased 20 percent to $25.59 billion in the fourth quarter, compared with $21.27 billion in fourth quarter 2012. Net income increased to $239 million in the fourth quarter, or $0.51 per share, compared with $97 million, or $0.21 per share in the year-ago quarter.
For the full year, net sales increased 22 percent to $74.45 billion. Operating income increased 10 percent to $745 million, compared with $676 million in 2012. Net income was $274 million, or $0.59 per diluted share, compared with net loss of $39 million, or $0.09 per diluted share, in 2012.
Successes from the year noted by Amazon include Prime Instant Video selection increasing from 33,000 to more than 40,000 movies and TV episodes in 2013. Also, the online purveyor launched the Australian Kindle Store, offering over 2 million eBooks, including more than 400,000 Kindle-exclusive titles.
For the first quarter of 2014, net sales are expected to be between $18.2 billion and $19.9 billion, or to grow between 13 and 24 percent compared with first quarter 2013. Operating income is expected to fall between a $200 million loss, and a $200 million profit, compared to a $181 million profit in the first quarter of 2013, including about $350 million for stock-based compensation and amortization of intangible assets.