Even as Amazon keeps spending to expand operations, its first quarter results, announced Monday, beat analysts' earnings expectations.
Net income dropped 37 percent to $82 million, or 18 cents a share. That still topped analyst expectations of 9 cents a share. Sales climbed 22 percent to $16.1 billion just a smidgen below consensus expectations of $16.2 billion.
The online retail giant is seemingly always in investment mode, and this quarter was no exception. The company acquired Goodreads, a social network for people who love books. It inked new deals for its Prime Instant Video service with A+E … Read more