Amazon first quarter beats Wall Street projections
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
