With All Eyes on Web Services, Amazon Beats First Quarter Expectations But Still Lacks Profits

April 23, 2015 8:15 PM

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Amazon.com Amazon.com reported earnings on Thursday that beat analyst expectations by a cent with sales figures that were boosted partly by the continued growth of its cloud computing division. In a quarter where the Jeff Bezos-led company finally provided some guidance on the size and scope of its Amazon Web Services (AWS) unit, the company experienced record first quarter sales.

The company, however, still did not report a net profit despite pressure from investors to show improvement on its bottom line. In after-hours trading, Amazon’s stock is trading down more than 4% from its close of $389.97.

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