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Amazon posts massive sales for Q4 2013, but sees tiny profits

Amazon has revealed its Q4 2013 earnings, with a huge $25.59 billion in sales, which is up 20% compared to the same three-month period in 2012. The US retail giant posted just $510 million of that $25.59 billion in sales as operating income, which is up 26% year-over-year. As for its net income for the quarter, it saw $239 million.

 

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The company is also reporting a record-setting holiday season for its Amazon Prime shipping service, which the company says it now has ”tens of millions of members”.

Read more at http://www.tweaktown.com/news/35175/amazon-posts-massive-sales-for-q4-2013-but-sees-tiny-profits/index.html#DHhlhZSLv3XppMDs.99