Amazon posted drop in profits and may face loss - News - Dukascopy Bank

Wed, 01 Feb 2012 08:52:39 GMT
Source: BBC
 
© Scanpix/AFP
Amazon announced an essential decline in net income and warned of probable loss this year. Net income for Q4 of 2011 achieved USD 177 million as compared to USD 416 million in the preceding year. The decline appeared despite sharp growth in revenues that increased by 35% to USD 17.43 billion last year. Following the announcement, the company's shares lost over 8% to trade at USD 177.50.



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