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4/25, 10:03 PM (Source: TeleTrader)
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Amazon's earnings jump 116.8% to $7.09 per share

Amazon.com Inc. surpassed analyst expectations for profit by far on Thursday in its quarterly report. Shares slipped 0.5% after the bell immediately after the data were published, followed by a jump of more than 1.2%. Turnover jumped 17% in the three months through March on an annual scale, to $59.7 billion or just above Wall Street consensus. The online retailer cited an impact of $1.1 billion from exchange rate changes. Net income surged by a stunning 118.6% year over year to $3.56 billion, translating to 116.8% to $7.09 per diluted share.

The company highlighted the rise of active users of Fire TV to more than 30 million. It set the target net sales for second quarter at between $59.5 billion and $63.5 billion including currency movements.

Total operating costs grew by only 12.6% to $55.28 billion. Cloud computing division AWS brought in $7.7 billion in net sales, a rise of 41.4% from the same quarter of last year. The trailing twelve-month operating cash flow, Amazon's closely tracked indicator, rallied 88.9% to $34.36 billion.

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