Amazon.com Expects to Beat First-Quarter Estimates

Amazon.com (AMZN Quote) said its preliminary results for the first quarter indicate the Internet retailer will handily beat Wall Street's financial projections.

The company said Monday that it expects to report a loss of about $50 million, or 22 cents a share, in the first quarter, excluding items. Twenty-five analysts polled by Thomson Financial/First Call expect the company to lose 30 cents in the quarter. The company posted a loss of $99 million, or 35 cents a share, in the year-ago period. ...