Amazon reported its first quarter earnings that handily beat expectations. It also sees clear sailing in the second quarter.
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Amazon says there are 55 percent more developers using Amazon Web Services as of Dec. 31 compared to a year ago.
Amazon on Tuesday reported its first-ever profit in the fourth quarter on record sales, delivering on its promises to Wall Street. Amazon reported net income of $5 million, or a penny a share, under generally accepted accounting principles, well ahead of analysts' expectations. Most analysts had predicted that the company would report a profit on a pro forma basis, which excludes a host of expenses and charges. Fourth-quarter sales were $1.12 billion, compared with $972 million a year ago. The e-tailer's pro forma profits topped estimates handily, at $35 million, or 9 cents a share. According to First Call, Amazon was expected to lose 7 cents a share, excluding goodwill, on sales of $1.01 billion. --Larry Dignan, Special to ZDNet News
Headlines of the day: Microsoft seeks patent covering Web feed readers. David Berlind's take.
In the future we're all going to become gofers for computers. Pleasant thought isn't it?
Despite some really bad timing, shares of GeoCities Inc. were up 14 1/32 to 31 1/32 shortlyafter opening.
Amazon said Wednesday that it will launch a digital music store "later this year" that will feature DRM-free tunes. The online retailer said it will offer millions of songs from more than 12,000 labels.
A group of securities analysts draws up a list of questions aimed at pressuring board members of the e-tailer to clarify the company's financial picture.
Best Buy is gobbling up Napster for $121 million, or $2.65 a share, double the online music service's closing price on Friday.
Amazon said Thursday that it will cut prices on its Simple Storage Service (S3) and offer more volume discounts.The pricing, which goes into effect on Nov.