Amazon, the giant online retailer that is rapidly expanding into digital media and hardware, said Thursday its first quarter net income rose 32% from a year ago to $108 million as it registered higher sales in all major product lines.
Diluted earnings per share of 0.23 cents matched estimates of analysts queried by Bloomberg.
Net sales increased 23% to $19.74 billion compared to $16.07 billion a year ago.
The stock closed 4% higher at $337.15 Thursday. After the earnings were released after the stock market closed, Amazon shares inched up 0.52% in after-hours trading to $338.89.