Live-Blogging Amazon Earnings
Amazon.com’s first-quarter earnings grew 24 percent to $177 million, compared with the year-ago period, while net sales rose 18 percent to $4.89 billion.
In a statement, Amazon (AMZN) CEO Jeff Bezos said sales of its Kindle e-book reader “exceeded our most optimistic expectations.”
The online retailer said it expects second-quarter net sales of $4.3 billion to $4.75 billion, a 6 to 17 percent increase from the year-earlier quarter.
Stay tuned for highlights from its 5 p.m. EST call with analysts.