Amazon.com just beat Wall Street’s expectations with net sales of $13.18 billion, up 34 percent.
The company’s profits declined 35 percent, to $130 million — but that, too, was ahead of what analysts were forecasting. The company posted earnings of 28 cents a share, well ahead of the expectations of 7 cents.
Following its traditional practice, the company didn’t disclose sales figures for its Kindle lineup. Amazon said the Kindle Fire remains the top selling item on its website, but beyond that, it didn’t provide any details on results for the tablet computer or the Kindle e-readers.
For the upcoming quarter, Amazon says it expects net sales to rise to between $11.9 billion and $13.3 billion, up 20 percent to 34 percent from the same quarter a year ago. Operating results will be between a $260 million loss and a $40 million profit, the company said.
The company’s conference call is coming up at 2 p.m. Pacific time.