Amazon profit more than doubles

Amazon is unstoppable.Amazon said Thursday it made $1.6 billion in profit during the first three months of 201...

Posted: Apr 27, 2018 6:49 AM
Updated: Apr 27, 2018 6:49 AM

Amazon is unstoppable.

Amazon said Thursday it made $1.6 billion in profit during the first three months of 2018, more than double the same period a year earlier, even as it invests in costly fulfillment centers and original programming.

The estimate among analysts was that Amazon's profit would shrink from the prior year.

Amazon's sales for the quarter hit $51 billion, up 43% year over year, fueled in part by strong growth in its cloud computing business, Amazon Web Services. The division saw sales jump nearly 50%, reaching $5.4 billion.

Shares of Amazon jumped as much as 7% in after hours trading Thursday following the earnings results.

Related: Amazon and Jeff Bezos are on top of the world

The company has been on a roll this year. Amazon has hit new milestones for its stock price, paying subscribers, cloud computing sales and even profit -- something which once seemed unthinkable for the company.

Last quarter, Amazon topped $1 billion in profit for the first time in its history, adding to a long and impressive profit streak that has caused investors to swoon.

Amazon CEO Jeff Bezos revealed in a shareholder letter last week that there are now more than 100 million subscribers for Prime, a $99 annual membership program that offers shipping perks and video streaming.

Amazon Web Services, the company's cloud computing business, now has a $20 billion annual revenue run rate, Bezos wrote in the same letter.

And Amazon continues to take bold, if somewhat controversial, steps to innovate in retail. It recently opened a convenience store without checkout lines and launched a new service that delivers packages to the trunks of cars for free.

Mississippi Coronavirus Cases

Data is updated nightly.

Confirmed Cases: 27900

Reported Deaths: 1082
CountyConfirmedDeaths
Hinds215239
DeSoto137316
Madison122234
Jones106949
Neshoba96069
Lauderdale88278
Rankin84112
Forrest81442
Scott75015
Harrison7448
Copiah56615
Leake54819
Jackson53316
Holmes52741
Wayne52112
Washington4969
Lee49316
Oktibbeha48624
Yazoo4736
Leflore47249
Lowndes45311
Warren44317
Lincoln43534
Lamar4197
Grenada3805
Monroe36729
Pike36712
Attala35223
Lafayette3524
Newton3289
Sunflower3066
Covington3025
Bolivar27713
Panola2706
Adams26718
Chickasaw25918
Tate2577
Jasper2506
Marion24811
Pontotoc2476
Noxubee2458
Pearl River24432
Winston2435
Clay24210
Claiborne23610
Simpson2303
Smith20611
Clarke20124
Marshall2013
Coahoma1866
Kemper17614
Union1759
Walthall1724
Yalobusha1617
Carroll16011
Lawrence1591
Itawamba1278
Calhoun1244
Humphreys1239
Tippah12311
Webster12310
Montgomery1222
Hancock12013
Jefferson Davis1064
Tallahatchie1043
Prentiss983
Greene927
Jefferson923
Wilkinson919
Tunica893
Amite822
George743
Choctaw714
Quitman680
Tishomingo681
Perry614
Alcorn561
Stone521
Franklin382
Benton270
Sharkey240
Issaquena71
Unassigned00

Alabama Coronavirus Cases

Confirmed Cases: 39604

Reported Deaths: 961
CountyConfirmedDeaths
Jefferson4387142
Montgomery383999
Mobile3697134
Tuscaloosa204938
Marshall153710
Lee118937
Shelby108223
Madison10577
Morgan9813
Walker86723
Franklin85213
Dallas8198
Elmore81314
Baldwin6869
Etowah62513
Butler60427
DeKalb6025
Chambers58127
Tallapoosa56369
Autauga54511
Unassigned52025
Russell4840
Lowndes45820
Lauderdale4446
Houston4344
Limestone4090
Cullman4003
Pike3995
Colbert3685
Bullock3629
Coffee3532
Barbour3231
Covington3087
St. Clair3042
Hale29321
Marengo28611
Wilcox2808
Sumter27612
Calhoun2705
Talladega2677
Clarke2665
Escambia2636
Dale2440
Jackson2382
Winston2333
Blount2141
Chilton2112
Pickens2116
Marion20312
Monroe1972
Choctaw19212
Conecuh1804
Bibb1711
Macon1708
Randolph1709
Greene1667
Perry1451
Henry1303
Crenshaw1233
Lawrence1010
Washington1007
Cherokee747
Lamar711
Fayette671
Geneva670
Clay582
Coosa551
Cleburne291
Out of AL00
Tupelo
Broken Clouds
86° wxIcon
Hi: 86° Lo: 74°
Feels Like: 95°
Columbus
Clear
81° wxIcon
Hi: 84° Lo: 73°
Feels Like: 87°
Oxford
Overcast
73° wxIcon
Hi: 89° Lo: 72°
Feels Like: 73°
Starkville
Scattered Clouds
81° wxIcon
Hi: 83° Lo: 71°
Feels Like: 85°
WTVA Radar
WTVA Temperatures
WTVA Severe Weather