Amazon Q1 sales grow 43% to USD 51 billion, beating guidance

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(Telecompaper) Amazon.com saw its net sales increase 43 percent year-on-year in the first quarter to USD 51.0 billion, beating its guidance. Operating profit jumped 92 percent to USD 1.9 billion, also better than expected, and net profit more than doubled, to USD 1.6 billion or USD 3.27 per share, from USD 724 million or USD 1.48 per share a year earlier. 
Source: Industry News (syndicated from Telecompaper.com)

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