Amazon earnings rebound, sending stock to the clouds

April 28, 2016 9:20 PM

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Amazon earnings rebound, sending stock to the clouds

SAN FRANCISCO – Amazon swung to a surprisingly strong profit in the first three months of the year, boosted by its fast-growing cloud business and strong North American sales. Shares soared after hours Thursday.

Amazon (AMZN) earnings per diluted share of $1.07 far exceeded the forecast of 59 cents per share as forecast by analysts polled by S&P Global Market Intelligence.

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