Kindle Fire helps Amazon beat 1Q estimates
Amazon announced its first quarter earnings, which beat profit estimates thanks to strong Kindle Fire sales.First the bad news: Amazon's profits are down overall at $130 million net income compared to last year's Q1 net income of $201 million. Amazon attributes the drop to the company's various investments, such as fulfillment centers, web services infrastructure and video content rights.Here's the good news: that the $130 million, which translates to 28 cents per share, beats the online giant's first quarter estimate of reaching 6 cents per share. Meanwhile, revenue grew 34 percent to $13.18 billion, beating expectations set for $12.91 billion.Kindle Fire Amazon's best selling e-readerThe Kindle Fire was the star of Amazon's first quarter, taking the top spot as Amazon's best-selling item. As a result, Amazon saw a 17 percent increase in media sales that are mostly attributed to customers filling their new Kindle Fire with digital movies and books. Looking ahead, Amazon is estimating revenue in its second qu
(AP) -- Amazon.com Inc. posted first-quarter profits Thursday that blew by analysts' estimates and boosted the company's stock in extended trading. The online commerce giant said its Kindle ...
Fri 27 Apr 12 from Phys.org
Online retail titan Amazon.com saw its stock price soar after the release of quarterly earnings figures that trounced forecasts, with sales skyrocketing in the first three months of the year.
Thu 26 Apr 12 from Phys.org
The company has been valued at around $100 billion.
Tue 1 May 12 from USA today
Online retailer Amazon.com posted their first quarter results yesterday, beating analysts' estimates despite their outlook for growth being slower than expected. Share prices responded well ...
Fri 27 Apr 12 from Techspot
Amazon's gamble is paying off, as Fire owners buy huge amounts of books, films and games via the tablet - essentially a 'shop window for Amazon's digital books, films and music.
Fri 27 Apr 12 from Daily Mail
Amazon posts better-than-expected profits after the world's biggest retailer cuts costs and boosts sales of Kindle tablets.
Fri 27 Apr 12 from BBC Technology
The company's Kindle Fire is its best-selling item.
Thu 26 Apr 12 from USA today
Amazon just reported earnings for the first quarter of 2012. Net sales increased 34% to $13.18 billion in the first quarter, compared with $9.86 billion in first quarter 2011. Net income decreased ...
Thu 26 Apr 12 from TechCrunch
Wed 25 Apr 12 from TechCrunch
Amazon announced its first quarter earnings, which beat profit estimates thanks to strong Kindle Fire sales.First the bad news: Amazon's profits are down overall at $130 million net income compared ...
Fri 27 Apr 12 from Techradar