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Amazon Sales Up 23% In Q1 2014

by Todd Haselton | April 24, 2014April 24, 2014 1:30 pm PST


Amazon just announced its first quarter 2014 earnings, reporting an EPS of 23 cents on sales of $19.74 billion, up 23 percent percent from the first quarter of last year when the company recorded $16.07 billion in sales. Amazon’s revenue beat Wall Street estimates, which called for $19.43 billion, too, though the company’s bottom line was right on apar with analyst expectations of 23 cents EPS.

Amazon CEO Jeff Bezos said this year is already off to a “kinetic start,” and highlighted the recent launch of the Fire TV, Amazon’s new deal with HBO, and Prime Pantry as highlights of the year so far. Bezos also confirmed that his team is “working hard to keep Fire TV in stock,” though declined to provide shipment figures for the device so far. It’s either super popular or Amazon misjudged demand for its new streaming box.

Amazon closed the day up 12.57 points and is currently trading up about 0.25 percent in after hours trading.

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Todd Haselton

Todd Haselton has been writing professionally since 2006 during his undergraduate days at Lehigh University. He started out as an intern with...