Reuters: Technology News: Amazon shares set record after strong quarterly profit

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Amazon shares set record after strong quarterly profit Jan 29th 2013, 22:26 Tweet Share this Email Print Related News CORRECTED-UPDATE 3-EMC sees better IT spend but 2013 EPS outlook misses Street 3:13pm EST Pfizer, Lilly beat Street; generics take toll 12:45pm EST Lilly says generic competition hurts fourth-quarter profit, sales 8:32am EST Yahoo sees revenue climb this year, but long road ahead 1:20am EST Yahoo revenue rises on search advertising Mon, Jan 28 2013 Related Topics Investing and Taxes Simplified » Tech » Hot Stocks » Asian Markets » A zoomed image of a computer screen showing the Amazon logo is seen in Vienna November 26, 2012. Credit: Reuters/Heinz-Peter Bader By Alistair Barr SAN FRANCISCO | Tue Jan 29, 2013 4:15pm EST SAN FRANCISCO (Reuters) - Amazon.com Inc shares jumped almost 7 percent on Tuesday after the world's largest Internet retailer reported quarterly results. The company said fourth-quarter revenue jumped 22 percent to $21.27 billion as it grabbed a big share of online spending during the crucial holiday period. The Seattle-based company also reported net income of $97 million, or 21 cents a share in the fourth quarter, compared with $177 million, or 38 cents a share in the same period a year earlier. Operating income jumped 56 percent to $405 million in the fourth quarter, compared with $260 million in the fourth quarter of 2011, Amazon also said. Amazon shares climbed 6.8 percent to $278 in after-hours trading following its results. (Reporting By Alistair Barr; Editing by Bernard Orr) Investing and Taxes Simplified Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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