Tuesday, April 26, 2011

Amazon Q1 revs beat; But EPS light; Stocks slip after hours

Amazon.com (AMZN) afternoon today reported mixed results for the first quarter.


The online retail giant reported sales $9.52 billion from $9.86 billion, 38% from a year ago, and over the road. But profits of 44 cents a share were well short of the street consensus 61 cents. Increased sales excluding the effects of currency by 36%. Operating profit fell to $322 million from $ 394 million a year ago. Profit by 33% to $201 million in million US$ 299. American sales were North up 45% from a year ago, while international sales grew 31%. Media sales are down 15%. Electronics and other general goods was 59%.


Operating margin in the quarter fell to 3.3%, from 5.5% a year ago.


In the 2nd quarter, the company sees net sales of $8,85 to $9.65 billion, 35-47% form a year earlier; That's about the old street consensus of $8.74 billion. The company sees $245 million dollars range operating profit of the quarter of 95 million.


AMZN in late trading off is $1.82, or 1% to $180.48.

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