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Amazon sales soar 44% beating estimates; expects revenue to go up in Q2


Amazon sales soar 44% beating estimates; expects revenue to go up in Q2
AFP
Riding on the continued surge in online shopping, Amazon has posted another record quarter, with sales soaring 44 percent (on-year) to $108.5 billion.
Net income increased to $8.1 billion in the March quarter, compared with net income of $2.5 billion in the first quarter of 2020, showing how millions of people now shop on the platform as pandemic continues to ravage the retail sector.
Amazon shares climbed more than 3 percent in extended trading on Thursday.
Amazon said that in the second quarter (April-June), it expects to post revenue between $110 billion and $116 billion. ....

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