The online retailer said it earned $201 million, or 44 cents a share, down from 66 cents a year earlier, on revenue of $9.86 billion, up from $7.13 billion in the year-ago period.
Analysts were expecting the company to post earnings of 61 cents a share on revenue of $9.54 billion.
The company’s second-quarter guidance also fell below expectations. Net sales are expected to be between $8.85 billion and $9.65 billion, or to grow between 35% and 47% compared with second quarter 2010.
We are back to a period where bad news does not matter much to the market (other than to the specific company reporting it) so we'll see if this is forgotten by tomorrow morning.
Full report here.