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Amazon Q1 results beat expectations

Friday 29 April 2016 | 08:28 CET | News
Amazon.com reported a strong improvement in first-quarter results. Net sales increased 28 percent to USD 29.1 billion, operating income was nearly four times higher at USD 1.1 billion versus USD 255 million a year ago, and the net result improved to a profit of USD 513 million from a loss of USD 57 million. The company's free cash flow doubled year-on-year to USD 6.4 billion on a trailing 12-month basis. Amazon highlighted the strong sales of its own products, with twice as many Fire tablets sold as in the first quarter last year and its Fire TV Stick clocking up a record 100,000 reviews,

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Categories: Internet
Companies: Amazon
Countries: World
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