AMAZON RELEASES PRELIMINARY
Q1 NUMBERS
Fueled by strong growth in electronics and international sales, net sales are expected to exceed $695 million, up more than 21% over last year's $574 million.
Gross profit is expected to exceed $175 million, up over 35% from last year's $128 million. Pro forma (as opposed to anti-forma) operating loss is expected to be slightly less than $50 million, compared to last year's $99 million, and pro forma net loss is expected to be 22 cents a share, improving from last year's 35 cents a share.
Net loss is expected to be less than $255 million, down from $308 million.
"We'd like to again thank our customers for an excellent quarter," said Amazon CEO Jeff Bezos. "For the fifth consecutive quarter, we saw substantial improvement in our operations and bottom-line performance."
The official numbers will be released after market close on April 24. Rest assured, we will have another exciting story containing that electrifying information.
