Amazon profit, sales top estimates
The stock rose $4.10 to $41.84 after Amazon.com said sales grew 26% as consumers embraced its promotion for free and low-cost shipping.
Amazon.com (AMZN: news, chart, profile) said it earned $52 million, or 12 cents a share, down from $76 million, or 18 cents in the year-ago period but higher than the 10 cents a share analysts were expecting.
Sales rose to $1.75 billion from $1.39 billion, slightly topping the average Wall Street estimate of $1.7 billion.
Amazon.com (AMZN: news, chart, profile) said it earned $52 million, or 12 cents a share, down from $76 million, or 18 cents in the year-ago period but higher than the 10 cents a share analysts were expecting.
Sales rose to $1.75 billion from $1.39 billion, slightly topping the average Wall Street estimate of $1.7 billion.
posted by Gordengekko at 10:40 PM
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