Amazon reported first quarter sales after the close of the market yesterday of $7.13 billion, up a sizable 46 percent from a year ago and ahead of consensus expectations by over $140 million. Net income of $299 million increased even more, by 68 percent (at 66 cents a share also well above estimates of 61 cents a share). North American media sales were up a mere 22 percent, at $1.597 billion, now well exceeded by international media sales, which rose 29 percent to $1.833 billion. Growth in electronics is really driving the company’s overall gains. The Kindle store now officially […]
