updated 4/23/2009 4:39:04 PM ET 2009-04-23T20:39:04

Amazon.com said Thursday that first-quarter earnings and revenue climbed thanks to strong sales of products such as books, DVDs and electronics.

The results are higher than analyst expectations and indicate that the online retailer is faring well despite the ongoing recession.

Seattle-based Amazon.com Inc. said Thursday that earnings climbed to $177 million, or 41 cents per share, in the first quarter.

That's 24 percent higher than the profit of $143 million, or 34 cents per share, in the year-ago quarter. And it beats the 31 cents per share analysts polled by Thomson Reuters expected.

The company says revenue rose 18 percent to $4.89 billion, slightly higher than analysts' expectations of $4.76 billion.

Amazon expects second-quarter sales of $4.3 billion to $4.75 billion. Analysts have predicted $4.6 billion — within that range.

Copyright 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Discuss:

Discussion comments

,

Most active discussions

  1. votes comments
  2. votes comments
  3. votes comments
  4. votes comments

Data: Latest rates in the US

Home equity rates View rates in your area
Home equity type Today +/- Chart
$30K HELOC FICO 4.91%
$30K home equity loan FICO 5.20%
$75K home equity loan FICO 4.57%
Credit card rates View more rates
Card type Today +/- Last Week
Low Interest Cards 13.42%
13.40%
Cash Back Cards 17.92%
17.92%
Rewards Cards 17.13%
17.12%
Source: Bankrate.com