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Amazon Delivers Strong Q1 Earnings

  • Forbes, Friday, April 25, 2014 11:49 AM
Beating analysts’ expectations, Amazon said first-quarter revenue reached $19.74 billion, this week. Profits were 27% year-over-year to $108 million. “That figure is up 23% over last year’s $16.1 billion,” Forbes reports. Better yet, as on exec noted during Amazon’s earnings calls, “video streams on Prime Instant Video nearly tripled year over year.” Still, as Forbes notes, “Q2 guidance shows Amazon predicting an operating loss of between $55 million and $455 million.”

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