Amazon.com, Inc, frist quarter earnings more than double.

News Type: Event — Seeded on Tue Apr 24, 2007 8:42 PM EDT

Article Source: CNET News.com

business, inc, amazon-com, online-retailer, wall-stree, sales-forecast, 32-percent-revenue-jump, seattle-washington-based-company

Seeded by ShaunV

4/24/2007 5:35:11 PM Online retailer Amazon.com, Inc. (AMZN) said Tuesday after the markets closed that first quarter earnings more than doubled from last year and breezed past Wall Street expectations, helped by a lower effective tax rate and a 32% jump in revenue. The company also raised its full year sales forecast, sending its shares up by more than 9% in after hours trading.

The Seattle, Washington-based company reported net income for the first quarter of $111 million or $0.26 per share, compared to $51 million or $0.12 per share for the year-ago quarter.

Published to:

ShaunV's Column, All of Newsvine
Groups: none
Regions: none

Public Discussion (0)

{"canLink":false,"threadId":0,"isPrivate":false}

Leave a Comment:

You're in Easy Mode. If you prefer, you can use XHTML Mode instead.

Newsvine Privacy Statement

As a new user, you may notice a few temporary content restrictions. Click here for more info.

{"threadId":0,"contentId":"681590"}

Start Tracking

Stop Tracking

Travelzoo Q1 Earnings Flat; Misses Estimate - Update [TZOO]	CNET News.com	Tue Apr 24	0
Aflac Q1 Earnings Rise, Top Estimates; Boosts Quarterly Dividend [AFL]	CNET News.com	Tue Apr 24	0
Technology investments paying off for Amazon.com; 1st-quarter profit more than doubles	Associated Press	Tue Apr 24	3
Sun Microsystems Rings Up 3Q Profit	Associated Press	Tue Apr 24	1
Apple reports $770 million profit - Yahoo! News	Yahoo! News	Wed Apr 25	1

SHAUNV

Backyard

Amazon.com, Inc, frist quarter earnings more than double.

Published to:

FUN STUFF:

COMPANY STUFF:

LEGAL STUFF: