Amazon missed analyst forecasts, seeing its net income drop 45% year-on-year to $97m in the fourth quarter of 2012, but saw its shares jump by 10% immediately afterwards. Amazon’s net sales did increase 22% to $21.3bn in Q4 with E-book sales up 70% in 2012, but physical book sales up just 5% in December.
Amazon profits fall yet shares jump 10%
