Andrew LaVallee, Reporter, The Wall Street Journal

Live-Blogging Amazon Earnings

April 23, 2009 at 2:11 pm PT

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.

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Tagged with: Amazon, Andrew LaVallee, digital, Digits, economy, frontpage, Internet, Jeff Bezos, Kindle, online, retailer, The Wall Street Journal

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