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Technology Stocks : Apple Inc.

AAPL 273.81

+0.5%

Dec 24 9:30 AM EST

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From: Lahcim Leinad	4/26/2012 4:44:28 PM
	1 Recommendation Read Replies (2) of 213177

AMZN is on fire. Blew the barn doors off with their earnings report. Amazon Q1 Blows Past Estimates; Shrs Jump In Late Trading - Forbes Amazon.com is, well, on fire. The online retailer and Web infrastructure provider reported Q1 revenues of $13.18 billion, up 34%, and ahead of the Street consensus at $12.9 billion. Net income was 28 cents a share, quadruple – quadruple! – the Street consensus at 7 cents. The company also noted that it bought back 5.3 million shares in the March quarter for $960 million. North American sales were up 36%; international sales were up 31%. Worldwide Media sales were up 19%. Electronic and other general merchandise sales were up 43%. Amazon said it sees Q2 sales of $11.9 billion to $13.3 billion; Street consensus was $12.8 billion. The company sees operating income for the quarter ranging from a loss of $260 million to a profit of $40 million; either end of the range would be down from $192 million in the first quarter. AMZN in late trading is up $18.21, or 9.3%, to $214.20.

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