Amazon.com Inc. (AMZN) reported first quarter net income of $0.18 per share after the bell Thursday, down from $0.28 per share last year. The consensus estimate was for EPS of $0.09. Net sales increased 22% to $16.07 billion, compared with $13.18 billion in the year-ago quarter. The consensus estimate was for revenues of $16.16 billion.
Amazon.com gapped open lower Friday and has continued to decline in early trade. Shares are now down 13.01 at $261.69. The stock is trading near the middle of a 1-month range.
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