Amazon shares surge as earnings beat expectations

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San Francisco (AFP) – Shares in Amazon leapt on Thursday after the online retail colossus reported it made a lot more money than expected in the first quarter of 2023. “For the first time in several quarters, Amazon may finally have a bit of wind at its back,” said Insider Intelligence principal analyst Andrew Lipsman. Amazon reported a profit of $3.2 billion on sales that climbed 9 percent to $127.4 billion in the quarter. The net income was about a billion dollars more than analysts had forecast, and Amazon shares were up about 7 percent to $117.25 in after-market trades. “There’s a lot to l…

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