Although Amazon (NSDQ: AMZN) was able to beat an analysts’ consensus forecast of $0.25 per share earnings, shares were still down as much as 14 percent in after hours trading, which Marketwatch attributed to a poor Q4 outlook. That said, compared to some others, Amazon reported healthy Q3 numbers, as net income grew 48 percent to $118 million, or $0.27 per diluted share, compared with net income of $80 million, or $0.19 per diluted share, last year. Revenue was up 31 percent to $4.26 billion, missing analysts’ estimates of $4.28 billion. Amazon had offered revenue guidance of a range between $4.2 billion and $4.43 billion.
— Outlook: Q4 net sales are expected to be between $6.0 billion and $7.0 billion, or to grow between 6 percent and 23 percent compared with Q407. For the full year, net sales are expected to range from $18.46 billion and $19.46 billion, or to grow between 24 percent and 31 percent compared with 2007.
— Operating income,: Amazon anticipates Q4 to be between $145 million and $305 million, or between a 46 percent decline and 13 percent growth compared with the same period the year before. And for the full year, Amazon says operating income is expected to be between $716 million and $876 million, or to grow between 9 percent and 34 percent compared with 2007.
More from Amazon’s Q3 results after the jump.
— Kindle: Not too many details were provided on Amazon’s ebook reader. It did say that Kindle titles currently account for more than 10 percent of unit sales for books that are available in both digital and print formats. It has also doubled the amount of titles available since the launch of Kindle last November to 185,000. As usual, there was no mention of the MP3 store or other specific figures related to download sales.
— Sales: Worldwide Media sales grew 19 percent to $2.49 billion, compared with $2.09 billion in Q307. Amazon.com shipped over 1 million units in during the period on behalf of sellers who used the Fulfillment by Amazon service.