According to ZDnet:
Amazon on Wednesday reported first quarter earnings of $143 million, or 34 cents a share, on revenue of $4.13 billion, up 37 percent from the year ago quarter. The company also increased its sales range for the second quarter and 2008.
According to Thomson Financial, Amazon (statement) was expected to report earnings of 32 cents a share on revenue of $4.08 billion.
Amazon’s outlook was also better than expected. Amazon projected second quarter sales between $3.87 billion and $4.07 billion compared to Wall Street estimates of $3.84 billion.
The company also said operating income is expected to be $120 million to $160 million, a wide range that indicates growth of 3 percent to 38 percent from the second quarter.
For 2008, Amazon projected sales between $19.1 billion and $20 billion compared to estimates of $19.3 billion. Operating income for the year is expected to be between $740 million and $940 million.
Here are some quick hits from the conference call:
- Sellers using Fulfillment by Amazon grew by 50% Q/Q and I would like to take credit for generating most of the buzz about FBA :).
- Inventory in the first quarter was $1.07 billion, down from $1.2 billion in the fourth quarter. I would think that investors would love this bit of information.
- Something close to my heart: Media sales were $2.54 billion, up 28 percent Y/Y 28% growth in the media category it phenomenal if you ask me.
I'll have more info after I've had a chance to read the transcript.