Amazon Q1 Profit, Sales Soar Over Views, But Its Tepid Outlook Worries Investors
Amazon.com handily beat analysts' first-quarter sales and profit forecasts as shoppers flocked to the online retailer's newly acquired shoe store and third-party merchants that use the site as a storefront. But after hitting a record high of 151.09 in the regular session, shares fell nearly 6% in late trading on Amazon's weaker-than-expected outlook for the current quarter. The Seattle-based seller of books, electronics and more earned 66 cents a
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