Boston, MA 02/03/2014 (wallstreetpr) – Missing Wall Street predictions over revenue and earnings per share, American e-commerce behemoth Amazon.com, Inc. (NASDAQ:AMZN) saw its stocks fall after it reported overall dismal financial earnings on January 30 for its recently ended fourth quarter of 2013.
Amazon’s 4Q Earnings Report
Reporting revenues of about $25.6 billion for its recently declared fourth quarter, Amazon.com Inc. (NASDAQ:AMZN)’s 20% increase in revenue over the corresponding 2012 quarter still fell short of consensus analyst estimates pegged around $26 billion. While net income rose to about $239 million for the fourth quarter from about $97 million a year earlier, net revenue for the full fiscal 2013 soared at least 22% over from a year ago to reach approximately $74.45 billion.
Revenue for the full-year 2013 came in at around $74.5 billion in revenue, a 22% surge over the roughly $61.1 billion seen for the previous fiscal year 2012. On the positive side, Amazon managed to recover from its full-year 2012 losses of $39 million to rise up to net income of about $274 million during fiscal 2013.
Meanwhile, the online retailer has admitted being adversely impacted throughout fiscal 2013 owing to fluctuations in foreign exchange rates, seeing about $258 million eroded in the fourth quarter, while the full-year impact stood at approximately $1.28 billion. Operating costs too rose by roughly 10% to $745 million in 2013 from about $676 million in 2012.
Earnings Per Share and Revenue Outlook
Amazon.com Inc. (NASDAQ:AMZN)’s reported earnings per share for its recently declared fourth quarter stood at $0.51, in comparison to $0.21 a share a year before, while falling short of the consensus analyst estimates of $0.66 a share. Amazon’s revenue guidance for the current first fiscal quarter of 2014 falls in the range of $18.2 billion to $19.9 billion, envisaging a 13% to 24% growth.
Meanwhile, the e-commerce and retailing conglomerate seems set to debut in 2014 with its Android-based gaming console, joining the gaming market currently dominated by heavyweights such as Sony and Microsoft. Amazon.com Inc. (NASDAQ:AMZN) shares fell about 11% to close at $358.69 on January 31 from their previous $403.01, while after-hours figures recovered slightly to $359.07.
