Amazon fumbles earnings amidst high expectations

Amazon CEO Jeff Bezos Addresses Economic Club Of New York Mixed faces in Seattle today as Amazon delivered its Q4 2016 earnings. The e-commerce company reported lower than expected revenue of $43.74 with better than expected earnings per share of $1.54. Expectations had been high in the run up to the release. Wall Street consensus was that Amazon would deliver revenue of $44.68 billion with $1.35 earnings per share. In the immediate moments… Read More Continue reading Amazon fumbles earnings amidst high expectations

Print and ebook revenue down as Amazon slashes prices

books on a table It’s good news and bad news for the publishing industry. The good news is that print revenue was up 3.4 percent in April, primarily in trade paperbacks, with some solid grown in young adult print and religious titles. The bad news is that revenue is down 4.3 percent year-to-date with a 7 percent loss in April compared to 2015. Further, ebook sales were down 22.7% compared to last year.… Read More Continue reading Print and ebook revenue down as Amazon slashes prices