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Friday April 23, 02:14
Amazon.com tops Q1 expectations
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Amazon.com (AMZN) said late Thursday that it earned $111 million, or 26 cents per share, in the first quarter. The Seattle-based online retailer posted a loss of $10 million, or 3 cents per share, last year. Excluding certain items, Amazon.com posted $97 million in profit, or 23 cents per share, up 141 percent from last year, and 4 cents better than the consensus estimate of 19 cents per share. Amazon.com said quarterly sales rose 41 percent to $1.53 billion from $1.08 billion last year. Analysts expected Amazon.com's sales to hit $1.45 billion. Shares of Amazon.com fell 3.8 percent to $47 in after-hours action.
(CBS.MW)
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