Source AP ©

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.

The discovery of the submarine has unveiled a few "inconsistencies." For example, how can one explain the fact that the sub was found where it needed to be searched for from the start?

Argentina hides the truth about the death of San Juan submarine
Comments
Putin wants Russian army rearmed almost completely by 2021
Japan ratifies agreement to supply weapons and ammo to warring states
Argentina hides the truth about the death of San Juan submarine
Argentina hides the truth about the death of San Juan submarine
Putin and Erdogan launch first section of TurkStream pipeline in Istanbul
Why Trump tries to re-industrialize America
Why Trump tries to re-industrialize America
Unemployment in Russia hits record high of 15 percent
Kuril Islands dispute between Russia and Japan: The impossible is impossible
Russia to ban capture of killer whales and belugas in 2019
North Korea destroys security points in demilitarised zone
Russia to ban capture of killer whales and belugas in 2019
Third Rome and geopolitics of Orthodox schism
Five years after Maidan revolution, Ukraine remains one of Europe's most corrupt states
The Amazon and the New Conquistadores
Brexit: The UK's misunderstanding of Democracy
The Amazon and the New Conquistadores
The Amazon and the New Conquistadores
Kuril Islands dispute between Russia and Japan: The impossible is impossible
Kuril Islands dispute between Russia and Japan: The impossible is impossible
Kuril Islands dispute between Russia and Japan: The impossible is impossible