reported-profit
Amazon profit crushes estimates as cloud-service revenue soars
April 29, 2016 by publisher · Leave a Comment
Amazon.com Inc on Thursday reported profit and revenue that blew past analysts' expectations, sending its shares soaring in after-hours trading and demonstrating the growing market power of its core retail business and new cloud services division. The results draw a sharp contrast to the disappointing fourth quarter Amazon reported in January, which renewed worries among some shareholders about the company's comparatively thin profit margins. Amazon's performance also assuaged concerns about a broader slowdown…
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Amazon profit crushes estimates as cloud-service revenue soars