• Engadget, Friday, July 27, 2012 12:26 PM

Amazon on Thursday posted $7 million in net income for the second quarter -- a year-over-year loss amounting to a whopping 96% decrease, Engadget reports. The company had previously projected its second-quarter performance would amount to an operating loss of $40 million to $260 million year-over-year, as well as a slight down tick in revenue at $11.9 billion to $13.3 billion quarter to quarter. “Well, the numbers are in and it looks like the forecast was right on the money,” Engadget notes. Net sales, meanwhile, were up 29% year-over-year.
 

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