Amazon blows past earnings expectations

Amazon reported first quarter earnings after the bell on Thursday. The company shattered earning expectations, reporting $1.48 per share, when Wall Street was expecting $1.12. Net income stood at $724 million. Revenue came in at $35.71 billion, above the $35.30 billion that analysts were forecasting and up 23% from last year. Shares quickly soared 5% in initial after-hours trading. However… Read More...