Amazon.com Inc. (AMZN) reported first quarter EPS of $0.23 after the bell Thursday, up from $0.18 last year. The consensus estimate was for EPS of $0.23. Sales increased 23 percent to $19.74 billion from $16.07 billion last year, while analysts expected $19.43 billion. The company expects to report second quarter revenues of $18.1 billion to $19.8 billion. Analysts expect sales of $19.03 billion.
Amazon.com gapped open sharply lower Friday and declined during the first half of the morning. The stock ended the session lower by 33.32 at $303.83, with volume at nearly a 3-month high. Amazon.com slipped to over a 6-month low.
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