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PrintEmailOrder ReprintsBy Phil Wahba | April 27, 2011 6:29 AM EST
Amazon.com Inc reported that first-quarter sales rose 38.2 percent, above analysts' forecasts.
Net income for the world's largest online retailer was $201 million, or 44 cents per share, down 32.8 percent from $299 million, or 66 cents per share, a year earlier. Revenue was $9.86 billion.
Reuters
Amazon's launch of streaming as a free option for Prime members is a growing threat to Netflix Inc., as Amazon adds more content and distribution partnerships.
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