Amazon Cuts Through the Retail Jungle By Gary Dvorchak About this article: For Dvorchak's preview before the Amazon earnings call, click here. Amid the swirl of retailer angst in this market environment, Amazon posted stand-out earnings that are driving the stock up a couple percent in after-hours trading. Earnings per share of 41 cents beat the Street by 10 cents (a 33% surprise, quite meaningful) on revenue of $4.89 billion, 18% growth that handily beat the consensus as well. Investors showed some initial consternation regarding next quarter's guidance, in which management bracketed a somewhat lower revenue range and gave an operating income range significantly below current consensus. Specifically, management sees second-quarter operating income of $110 million to $190 million vs. a consensus estimate of $172 million. Despite the rather weak guidance, investors are ultimately embracing the fact that Amazon could grow revenue 18% in a dour economic environment -- and 21% in North America, no less! Certain categories... Or, call us at 1-866-321-TSCM (8726) Monday-Friday, 8 a.m.-6 p.m. ET. Outside the U.S. and in Canada, call 1-212-321-5200.

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