Amazon, spending aggressively, expects rosy revenue (Reuters)

NEW YORK (Reuters) – Amazon.com Inc reported that first-quarter sales rose 38.2 percent, above analysts' forecasts.

Net income for the world's largest online retailer was $201 million, or 44 cents per share, down 32.8 percent from $299 million, or 66 cents per share, a year earlier. Revenue was $9.86 billion.

(Reporting by Phil Wahba; Editing by Gary Hill)