Amazon reported today that it made $19.74 billion in revenue during the first quarter of 2014, up nearly 23 percent from almost $16.1 billion in the year-ago quarter.
That beat expectations from financial analysts surveyed by Thomson Reuters of more than $19.4 billion in quarterly revenue. The company met analyst expectations with earnings of 23 cents per share, up more than 27 percent from the same period a year ago.
“We get our energy from inventing on behalf of customers, and 2014 is off to a kinetic start,” CEO Jeff Bezos said in a press release.
It’s good news for Amazon, which disappointed Wall Street with its fourth-quarter financial report earlier this year.
The first quarter of this year is off to a significant start for the company, which recently launched its Fire TV set-top box, and announced new features for Amazon Web Services. Amazon also struck an agreement with HBO this month to start carrying shows from the cable channel’s back catalog, including “The Sopranos” and “The Wire.”
Guidance for the second quarter of this year will disappoint anyone who wants to see Amazon post consistent profits. The company expects to report an operating loss between $55 and $455 million during the quarter.
Shares of the Seattle-based retailer are up 2 percent in after-hours trading.
Here’s a more detailed look at Amazon’s financial results:
And here’s how Amazon’s stock has moved in the past year:
