Amazon.com Jumps on Forecast of Narrower Loss
TSC Staff
04/09/01 - 08:34 AM EDT
Amazon.com (AMZN Quote) was up 25.5% in preopen
Island trading after announcing that first-quarter revenue will exceed $695 million and its loss will be 22 cents per share. Both figures are better than analysts' estimates. The
Thomson Financial/First Call forecast calls for revenue of $669.6 million and a loss of 30 cents.
The online retailer credited strong growth in sales of electronics.
