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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