Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.


Amazon beats earnings expectations

26 April 2013, 15:03

San Francisco - Amazon.com posted earnings that beat Wall Street expectations on Thursday even though profit fell as the online retail colossus invested in shipping centres and digital entertainment content.

Amazon reported a profit of $82m on net sales that rose 22% to $16.07bn in the first three months of this year. The Seattle-based firm made a profit of $130m in the same quarter in 2012.

Shares slid more than 5% to $260.69 in after-hours trades that followed release of the earnings figures.

The company has been investing in its own shows for online streaming and getting content from partners as it competes with Netflix, Hulu and other online film or television service providers.

"Amazon Studios is working on a new way to greenlight TV shows," Amazon.com founder and chief Jeff Bezos said in a statement.

"The pilots are out in the open where everyone can have a say. Our customers will determine what goes into full-season production."

Amazon Originals programming is available at a Prime service that offers free two-day shipping on orders, along with online streaming of films and television shows, for an annual subscription fee of $79.

Amazon has been beefing up its distribution network to speed delivery of online purchases to customers.



Read News24’s Comments Policy

Comment on this story
Comments have been closed for this article.

Read more from our Users

Submitted by
Shakila Alivitsa
Helping you find the type of man ...

To put it simply, you can’t go looking for fish in a meat market; you have to go to a fish market. Read more...

Submitted by
Wilson Ochieng
Mudavadi set for 2 month long wes...

Musalia Mudavadi is set for western Kenya campaigns.

Submitted by
Victor Tinto
I need a miracle to win in 2017, ...

An MP says that he needs a miracle to win the 2017 elections but has not given up on victory despite the odds being against him. Read more...

Submitted by
Victor Tinto
Raila ungrateful for my help, MP ...

An MP says that he made ODM famous in Meru and has accused the party of ungratefulness despite his hard work. Read more...

Submitted by
Victor Tinto
I'm ready for by-election today, ...

I'm ready for a by election, an angry ODM rebel MP tells Raila Odinga. Read more...

Submitted by
William Korir
ODM kicks 6 MPs out of Parliament...

ODM has kicked 6 rebel members out of house committees. Read more...