Amazon reports profitable Q1 to beat expectations

by Ginny Marvin
Amazon had a stellar first quarter. The company reported net income of $513 million, or $1.07 earnings per share on $29.1 billion in net sales. The performance beat analyst expectations of 58 cents per share on net revenue of $27.98 billion in Q1 2016. Last year, Amazon reported a net loss of $57 million, or 12 cents a share on $22.7 billion in net sales.Read the full article