Amazon Crushes Q1 Profit Expectations, Posts Nearly $60 Billion in Revenue

Remember when Amazon was criticized for not turning a profit? Those days are a distant memory, after the e-commerce giant smashed Wall Street earnings expectations when it reported its first quarter financials on Thursday afternoon.

Amazon reported a company-record quarterly profit of $3.6 billion — a 100% increase from the same period last year — and earnings of $7.09 per share, easily lapping analyst estimates of 4.72 EPS. It’s quarterly revenue of $59.7 billion matched Wall Street...

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