NEW YORK (
reported strong second-quarter revenue and profit on Tuesday, sending shares up more than 5% in after-hours trading.**
During the quarter, the e-commerce giant earned 41 cents a share on revenue of $9.91 billion. Analysts were expecting Amazon to report a second-quarter profit of 35 cents a share, compared with 45 cents in the year-ago quarter. Revenue was estimated to increase to $9.4 billion from $6.5 billion a year ago.
Looking ahead, Amazon expects third-quarter revenue between $10.3 billion and $11.1 billion, compared with analysts estimates of $10.35 billion.
Amazon began selling a cheaper version of Kindle with ads during the quarter, and the device was made available at
Reports surfaced earlier in the month that
to compete with
iPad in the third quarter.
Amazon also recently announced a partnership with
, giving its streaming access to the networks television programming and putting it in closer competition with
-- Reported by Jeanine Poggi in New York.
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