The online retailer reported first-quarter results that were a bit better than analyst expectations for revenues and earnings, but disappointed with average revenue per customer. The Amazon customer base surged by 3.1 million new users to 20 million, but average spending sank to $28 per purchase. Investors were also concerned about the company's order fulfillment rate.
Unforgiving midnight marauders flogged the company with losses of 1 5/16 to 52 3/16 on 207,000 shares on Island.
The post-earnings conference call did little to relieve the Internet peddler's pain, despite assurance about strong second-quarter growth by CFO Warren Jensen. Amazon also saw booming potential in the nascent British and German markets. "We expect the U.S. books, music, DVD and video segment to be profitable on a pro forma basis for 2000," added Jensen.
Last quarter, Amazon's books division turned its first profit, according to the CFO. Amazon will also start hawking patio furniture. That ought to do it.
reported a 1320% spike in revenues over the first quarter of last year. Revenues grew to $27.5 million, compared to the previous $1.9 million. Advertising revenues, including storefronts and sponsorships, accounted for 43 % of the total. "Growth in our core vertical businesses exceeded our expectations," said COO Mike Jagan. The company stood tall after hours as late-night lurkers sent the stock up 1 5/8 to 47 7/8 on 60,000 shares on Island.
traders weren't playing around. The online toy e-tailer was down marginally after gaining 45% of its value during a spectacular day performance. The name had room to rally after falling 53% in the past month and leaving the company 92% off of its 52-week highs. eToys was eDown, receding 31/32 to 8 5/8 on 94,000 shares on Island.
Internet shop-a-holics beware. Those of you that are sick will grow sicker.
said it will collaborate with
on J2EE technology, which will "enable the delivery of e-commerce information to any device, anywhere," according to a BroadVision press release.
BroadVision saw panoramic gains of 2 9/16 to 34 15/16 on 170,000 shares on Island, after reporting earnings of 4 cents per share, compared to the 22-analyst estimate of 2 cents.
Infospace brought home the bacon and investors fried it up in a pan. The company blasted Wall Street estimates of a 6 cent loss and posted out of this world profits. One shiny penny per share propelled the Internet company into profitability and rocketed the stock 3 to 67 1/2 on 55,000 shares on Island. The Redmond, Wash.-based firm said it made a pro forma profit of $1.89 million, compared to a loss of $5.3 million or 3 cents a share a year earlier.
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explains how the rules change when the sun goes down in Investing Basics: Night Owl, a section devoted to after-hours trading.