Updated from 4:18 p.m. to include comments from the conference call and updated share price.
For the first-quarter, Amazon earned 23 cents a share on $19.74 billion in revenue, as net sales increased 23% year-over-year. The company noted a $10 million favorable impact from foreign currency throughout the quarter.
Operating income decreased 19% to $146 million in the first-quarter, compared with $181 million in first quarter 2013, as the company continues to invest in its businesses. On the conference call, Amazon noted unit growth rose 23% versus 25% last quarter, while third-party (3P) unit growth was 23%, compared to 25% last quarter.
Analysts surveyed by Thomson Reuters were expecting Amazon to earn 23 cents a share on $19.4 billion in revenue for the quarter. Analysts surveyed by Estimize were expecting Amazon to earn 25 cents a share on $19.63 billion in sales.
After the recent price increase on Amazon Prime, Amazon said it was encouraged by what it's seen so far on Prime, noting that subscribers were growing week-over-week, after the price increase, but that it was still very early. Amazon raised the price of Prime in mid-March to $99 a year, up from $79 a year.