Amazon just reported lower than expected fourth quarter earnings today. Net income decreased 45% to $97 million in the fourth quarter, or $0.21 per diluted share, compared with $177 million, or $0.38 per diluted share, in the fourth quarter 2011. Net sales increased 22% to $21.27 billion in the fourth quarter, compared with $17.43 billion in the fourth quarter 2011. Analysts expected earnings of $0.27 cents a share, on $22.26 billion in sales. The expectations of course are high because the fourth quarter includes the holiday shopping season.Source: http://feedproxy.google.com/~r/Techcrunch/~3/jijIhhRLHSk/
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