Amazon bested analyst expectations with its first quarter earnings, released Thursday, sending its stock soaring in after-hours trading.
Amazon reported revenue of $13.18 billion, a 34 percent increase over the quarter a year ago and topping analysts’ forecast of $12.86 billion.
Earnings per share clocked in at $0.28 per share, quadruple the forecast of $0.07 but down 35 percent compared to last year.
In the company’s release, CEO Jeff Bezos trumpeted the new books added exclusively to the Kindle Store and spoke only about publishing.
Amazon stock is up more than 12 percent in after-hours trading, experiencing a boost similar to Apple’s after its strong earnings report on Tuesday.
The earnings call has begun, so we'll have more in a minute.
