Online Sales Trends, Kindle Boost Amazon's (AMZN) Q1 Results
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Price: $258.63 -0.57%
Financial Fact:
Cost of sales: 21.26B
Today's EPS Names:
BTTX, VAXX, ELYS, More
Financial Fact:
Cost of sales: 21.26B
Today's EPS Names:
BTTX, VAXX, ELYS, More
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Traders are buying shares of Amazon.com (Nasdaq: AMZN) in the post-market trading session following its Q1 earnings report.
The online retailer saw EPS come in at $0.41 during the quarter, a whole dime better than the what the Street had been looking for. As for sales, Amazon.com reported $4.89 billion, also above analyst estimates. The company also issued in-line Q2 sales guidance of $4.3-$4.75 billion.
Looking at a few operational metrics, sales in North America rose 21%, while sales in the International segment jumped 15%. Amazon said sales of its Kindle electronic reader device "exceeded the most optimistic expectations".
After initially trading down, shares of Amazon are now up about 2% from today's closing price. The stock most recently traded at $82.11.
UPDATE: Click here to see some highlights from Amazon's Q1 conference call.
The online retailer saw EPS come in at $0.41 during the quarter, a whole dime better than the what the Street had been looking for. As for sales, Amazon.com reported $4.89 billion, also above analyst estimates. The company also issued in-line Q2 sales guidance of $4.3-$4.75 billion.
Looking at a few operational metrics, sales in North America rose 21%, while sales in the International segment jumped 15%. Amazon said sales of its Kindle electronic reader device "exceeded the most optimistic expectations".
After initially trading down, shares of Amazon are now up about 2% from today's closing price. The stock most recently traded at $82.11.
UPDATE: Click here to see some highlights from Amazon's Q1 conference call.
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