Amazon reports Q1 earning results: income falls 35%, though revenue was up 34%, beats analyst estimates
Income and revenue goes up and down, but what is more important – actual results or beating the estimates? Based on trading after the close, it appears it is beating analyst estimates.
Amazon reported its Q1 earnings after the bell and reported that net income fell 35 percent in the first quarter, though this was better than many analysts expected based on the company warning of absorbing added costs in their search for gaining customers and driving sales.
Revenue increased nicely, 34 percent to $13.18 billion in the quarter, which beat the estimate of $12.9 million. Margins, though, fell to only 1.5 percent.
Earlier today today comScore reported that Amazon’s Kindle Fire had zoomed to a 54.4 percent market share on all Android tablets – reflecting both the growth of Amazon’s tablet, as well as the weak sales of most Android tablets.
Samsung’s Galaxy Tab line of tablets, which late year could claim the number one spot, fell behind and now have a 15.4 percent market share according to comScore’s report. The Motorola XOOM continues be a minor player at 7.0 percent, while all other tablet lines are basically standing still.