Wednesday, April 25, 2007

Amazon Q1 more than doubles

Amazon.com 1Q profit more than doubles (AP)

A workerpulls and scans merchandise in the Amazon.com sorting area in this 2004 file photo at the massive Amazon.com shipping and receiving facility in Fernley, Nev. Amazon.com Inc. said Tuesday, April 24, 2007 that its first-quarter profit more than doubled, sending shares sharply higher in after-hours trading.   (AP Photo/Scott Sady, File)AP - After two years of technology investments that sent revenues and profits moving in opposite directions, Amazon.com's spending may finally be paying off.


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