Amazon.com Inc. shares zoomed higher in extended trading Thursday, after the company posted its biggest quarterly profit since 2021, seemingly turning the page from a disappointing year.
Amazon AMZN reported that first-quarter revenue grew to $127.4 billion from $116.44 billion in the same quarter last year. Profit reached $3.17 billion, or 31 cents a share, improving from a loss of 38 cents a share a year ago, which was Amazon’s first loss in seven years, at the time. The e-commerce and cloud-computing giant’s management...
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