Argus Downgrades Amazon.com (AMZN) to Hold

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Go back to Argus Downgrades Amazon.com (AMZN) to Hold

Amazon.com Announces First Quarter Sales up 15% to $22.72 Billion

April 23, 2015 4:01 PM EDT

SEATTLE--(BUSINESS WIRE)-- Amazon.com, Inc. (NASDAQ: AMZN) today announced financial results for its first quarter ended March 31, 2015.

Operating cash flow increased 47% to $7.84 billion for the trailing twelve months, compared with $5.35 billion for the trailing twelve months ended March 31, 2014. Free cash flow increased to $3.16 billion for the trailing twelve months, compared with $1.49 billion for the trailing twelve months ended March 31, 2014.

Common shares outstanding plus shares underlying stock-based awards totaled 483 million on March 31, 2015, compared with 476 million one year ago.

Net sales increased 15% to $22.72 billion in the first quarter, compared with $19.74 billion in first quarter 2014.... More