Amazon.com 1Q08 Sales +37% to $4B - Rapaport

Amazon.com reported a 37 percent increase in first quarter sales to $4.13 billion. The results were provided after the closing bell today. Favorable exchange rates for the company's businesses abroad added $180 million to revenue as the dollar weakened during the first three months of 2008. Profits rose at Amazon by 30 percent to $143 million. Operating cash flow rose 42 percent to $1.04 billion for the past 12 month cycle. Free cash flow increased 51 percent to $790 million.

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