The world's largest online retailer said net income rose 41 percent to $724 million, or $1.48 per share, marking the eighth straight quarter that Amazon- known for its heavy spending and roller-coaster results- has posted a net profit. Amazon's net sales in North America, its biggest market, jumped 23.5 percent to $20.99 billion in the latest quarter.
The world's biggest online retailer said net income rose to $724 million, or $1.48 per share, from $513 million, or $1.07 per share, a year earlier. The company's total net sales rose 22.6 percent to $35.71 billion in the quarter ended March 31, compared with the average analyst estimate of $35.30 billion. Amazon's net sales in North America, its biggest market,...
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April 27- Amazon.com Inc posted a 41.1 percent jump in first-quarter profit on Thursday, driven by sustained growth in online retail sales and its profitable cloud business. The world's biggest online retailer said net income rose to $724 million, or $1.48 per share, from $513 million, or $1.07 per share, a year earlier. The company's net sales rose 22.6 percent to...
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