Amazon Falls in After-Hours Trade Following Earnings Results (AMZN)

Shares of Amazon.com, Inc. AMZN are screaming lower in the after-hours trade following disappointing earnings. Currently, shares are off 5.80%, trading at $171.72. They closed the regular session down 1.68%, at $182.30. Amazon.com reported Q1 EPS of $0.44 on revenues of $9.86 billion; this compares to the Street estimates of $0.61 per share on revenues of $9.5 billion. The company said it sees Q2 sale of $8.85-9.65 billion, with operating profits of $95-245 million. Operating cash flow increased 9% to $3.03 billion for the trailing twelve months, compared with $2.78 billion for the trailing twelve months ended March 31, 2010. Free cash flow decreased 18% to $1.90 billion for the trailing twelve months, compared with $2.32 billion for the trailing twelve months ended March 31, 2010. "In the last 90 days, we announced Kindle with Special Offers, Kindle Library Lending, Audible audiobooks on Kindle, Appstore for Android, Amazon for Windows Phone 7, Checkout by Amazon in both Germany and the U.K., a Kindle Store in Germany, Cloud Drive, Cloud Player, and Prime Instant Video -- just to call out a few of the things we've been working on," said Jeff Bezos, founder and CEO of Amazon.com. "We love inventing on behalf of customers and have never been more excited about the long-term opportunities." Amazon.com, Inc. is a customer-centric company for three primary customer sets: consumers, sellers and enterprises. In addition, the company generates revenue through other marketing and promotional services, such as online advertising, and co-branded credit card agreements. The company operates in two segments: North America and International.