Amazon.com exceeded Wall Street predictions with revenue grow in the first part of 2005, though net income fell.
Net revenue increased 24 per cent to $1.902 billion in the quarter, which ended March 31, 2005. The consensus expectation from financial analysts polled by Thomson First Call had been for net revenue of $1.896 billion.
Meanwhile, net income came in at $78 million, or $0.18 per share, down from net income of $111 million, or $0.26 per share, in 2004's first quarter. Consensus expectation had been for earnings of $0.23 per share.