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Amazon’s sales surge 44% as it smashes earnings expectations



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Amazon shares climbed more than 3% in extended trading Thursday after the company released its first-quarter earnings, beating Wall Street’s expectations for earnings and revenue. Here’s how the e-commerce giant fared, relative to analyst estimates compiled by Refinitiv:Earnings: $15.79 per share vs. $9.54 per share expectedRevenue: $108.52 billion vs. $104.47 billion expectedFew companies have benefited from the pandemic-fueled surge of online shopping as much as Amazon. Its first-quarter results showed the company’s business continues to be buoyed by the pandemic, with sales soaring 44% year over year to $108.5 billion.Amazon’s guidance for the second quarter implies that it expects the momentum to continue, which should …

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