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Amazon Revenue Beats Analyst Predictions

|Includes:Amazon.com, Inc. (AMZN)

Originally published at www.seclive.com

Filing in Focus: Amazon 8-K, April 24, 2014

Amazon.com Inc. (NASDAQ:AMZN) announced its financial results for the first fiscal quarter 2014, reporting revenues that beat analyst predictions. Revenue jumped 23% from $16.07B, beating analyst estimates of $19.4B at $19.74B. Net income improved from $82M and $0.18 per share to $108M and $0.23 per share, with operating income falling 19% from $181M to $146M. Founder and CEO Jeff Bezos commented that its new product Fire TV, a box that plugs into HDTV for access to TV and games, has been in very high demand and the company has been working hard to maintain supply to keep up with demand. Amazon's U.S. operating income improved from $457M to $562M with the company's international operating income struggling from an operating loss of $60M. Amazon is pleased with the progress it has made, specifically with its ability to draw growth from several areas.

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Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

Stocks: AMZN