Amazon 1Q profit, revenue jump on strong sales

Apr 23, 2009

(AP) -- Amazon.com says first-quarter earnings and revenue climbed thanks to strong sales of products such as books, DVDs and electronics.

The results are higher than analyst expectations and indicate that the online retailer is faring well despite the ongoing .

Seattle-based Amazon.com Inc. said Thursday that earnings climbed to $177 million, or 41 cents per share, in the first quarter.

That's 24 percent higher than the profit of $143 million, or 34 cents per share, in the year-ago quarter. And it beats the 31 cents per share analysts polled by Thomson Reuters expected.

The company says revenue rose 18 percent to $4.89 billion, slightly higher than analysts' expectations of $4.76 billion.

Amazon expects second-quarter sales of $4.3 billion to $4.75 billion. Analysts have predicted $4.6 billion - within that range.

©2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Explore further: Google's new CFO gets $70M for defecting from Morgan Stanley

add to favorites email to friend print save as pdf

Related Stories

EBay 1st-qtr profit, sales fall on weak economy

Apr 22, 2009

(AP) -- EBay Inc. said Wednesday the weak economy contributed to declines in both earnings and revenue for the second consecutive quarter, but the online marketplace operator beat analysts' expectations.

TI profit, revenue tumble on shrinking demand (Update)

Apr 20, 2009

(AP) -- Texas Instruments Inc. said Monday that first-quarter profit and revenue tumbled as competition heightened and demand for its chips shrank amid the recession, but the results still beat the company's own expectations ...

Apple 2Q profit gains 15 percent, beats Street

Apr 22, 2009

(AP) -- Strong sales of the iPhone helped Apple Inc. lift its quarterly profit 15 percent, well ahead of Wall Street's expectations Wednesday despite the global economic downturn.

Adobe 1Q profit, sales drop, squeezed by downturn

Mar 17, 2009

(AP) -- Adobe Systems Inc., the company behind the popular Photoshop software, posted a decline in fiscal first-quarter profit and sales Tuesday, squeezed by the economic downturn.

National Semiconductor to cut 1,725 jobs

Mar 11, 2009

(AP) -- Faced with a steep decline in sales, chip maker National Semiconductor Corp. said Wednesday it will eliminate more than one-quarter of its work force, or 1,725 jobs.

Recommended for you

Yahoo boosts share buyback plan by $2 billion

2 hours ago

Yahoo on Thursday told US regulators that it will spend another $2 billion buying back shares as the pioneering US Internet search firm continues an effort to re-invent itself.

Uber ramps up safety efforts after criticism

Mar 25, 2015

Uber said Wednesday it was ramping up safety in response to rape allegations against a driver in India and growing concerns about background checks for operators of the popular ride-sharing service.

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.