Amazon reported that its net sales in first quarter 2012 increased 34% overall year over year, helping the online retailer and media supplier top Wall Street estimates. The company reported revenue of $13.2 billion, better than the $12.9 billion that analysts expected. That’s 28 cents per share, or 21 cents better than predicted. The stock soared more than 7% in after-hours trading after earnings were announced. MORE
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