Amazon’s most profitable quarter ever!
Amazon's hardware division and Amazon Web Services stood out to give the world's biggest online retailer its most profitable quarter ever.
The Seattle-based company posted a net income of $513 million, or earnings of $1.07 per share for the first quarter, recording its fourth straight profitable quarter. This is in stark contrast to the company's reported loss of $57 million four quarters back and a marked deviation from analysts' EPS projection of 58 cents.
Gross revenue stood at $29.13 billion, Read more [...]