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Amazon.com Inc income doubles

Amazon.com Inc. announced that its first-quarter profit more than doubled, sending shares sharply higher in after-hours trading.

Quarterly earnings rose to $111 million (81.73 million EUR), or 26 cents per share, from $51 million (37.55 million EUR), or 12 cents per share, during the same period last year.

Analysts polled by Thomson Financial forecast a profit of 15 cents per share.

Revenue rose 32 percent to $3.02 billion (2.22 billion EUR) from $2.28 billion (1.68 billion EUR) in the year-ago quarter, surpassing Wall Street's view for $2.92 billion (2.15 billion EUR) in sales.

Especially strong in the quarter was Amazon.com's North America sales, which totaled $1.62 billion (1.19 billion EUR), a 30 percent jump. International sales rose 35 percent to $1.39 billion (1.02 billion EUR), but this figure doesn't take into account foreign exchange rates. Adjusted for exchange rate fluctuations, the company said international sales grew 27 percent.

For the current second quarter, Amazon.com said it expects revenue between $2.70 billion (1.99 billion EUR) and $2.85 billion (2.1 billion EUR). And for the entire year, the company boosted its sales outlook. Amazon.com said it now expects revenue from $13.4 billion (9.87 billion EUR) to $14 billion (10.31 billion EUR), up from $13 billion (9.57 billion EUR) to $13.7 billion (10.09 billion EUR).

Shares of Amazon.com jumped $4.51 (3.32 EUR), or 10 percent, to $49.26 (€36.27) in aftermarket electronic trading, after losing 2 cents to end the day at $44.75 (32.95 EUR) on the Nasdaq Stock Market.