Amazon Just Beats Estimates As Q1 Sales Rise 22 Percent To $16B, While Net Income Drops 37 Percent To $82M

Today, Amazon continued the trend, still finding itself in a bit of a hangover after missing expectations in Q4. The eCommerce giant reported earnings from Q1 after the market closed this afternoon, in which it saw cash flow increase 39 percent to $4.25 billion, compared to $3 billion for the prior year, while net sales increased 22 percent to $16.07 billion in Q1, compared to $13.18 billion in first quarter 2012.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/mUSFJAPnbOk/

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