Amazon.com, Inc. (AMZN) reported that its fourth-quarter net income decreased to $177 million or $0.38 per share, from $416 million, or $0.91 per share, in fourth quarter 2010. Analysts polled by Thomson Reuters expected the company to report earnings of $0.19 per share for the quarter. Analysts' estimates typically exclude special items.
Net sales increased 35% to $17.43 billion in the fourth quarter, compared with $12.95 billion in fourth quarter 2010. Excluding the $101 million favorable impact from year-over-year changes in foreign exchange rates throughout the quarter, net sales would have grown 34% compared with fourth quarter 2010. Thirty six analysts had consensus revenue estimate of $18.21 billion for the quarter.
For the first quarter of 2012, net sales are expected to be between $12.0 billion and $13.4 billion, or to grow between 22% and 36% compared with first quarter 2011. Operating results is expected to be between loss $200 million and profit $100 million, or between 162% decline and 69% decline compared with first quarter 2011. Twenty four analysts have consensus revenue estimate of $13.41 billion for the first-quarter.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.