Amazon Rallies on Q1 Earnings Results Despite Light Guidance

Keep an eye on shares of Amazon.com (AMZN) in Friday's trading session. The stock is fluctuating in and out of the red after the company released its first-quarter earnings results. For the period, Amazon posted a loss in-line with Wall Street projections. Revenue grew 15% from a year ago and topped analysts' expectations. Amazon also released sales figures for its web services sector for the first time, showing an improvement from last year. Looking ahead, it sees second-quarter revenue in a range of between $20.6 billion to $22.8 billion, compared to the consensus estimate of $22.1 billion. Shares of Amazon ended the day nearly flat, but the stock is rallying in after-hours trading. TheStreet's Kurumi Fukushima reports in New York.