Amazon.com posted Wednesday stronger than expected first quarter results, in part driven by strong sales in its electronics and general merchandise categories.
The online retailing giant also issued a forecast for the current quarter and year that shows greater strength than Wall Street's current estimates.
Shares of Amazon, however, were down roughly 4 percent in after-hours trading to $77.77 a share.
During the first quarter, Amazon generated net income of 34 cents a share to $143 million, up 30 percent compared with the previous year. Revenues jumped 37 percent to $4.13 billion in the quarter, verses … Read more