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Volume Push Has Amazon 'Humming'
Updated from 4:24 p.m. EDT
Amazon.com (AMZN Quote) shares rallied after the company extended its financial hot streak Tuesday, posting better-than-expected first-quarter results and boosting 2002 guidance.
Seattle-based Amazon reported a first-quarter loss of 6 cents a share, compared with a 21-cent loss in the year-ago period. Revenue was $847 million, up 21% from $700 million in last year's first quarter. On average, analysts expected Amazon to report a 9-cent loss on sales of $805 million.
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