Online store sales, which accounts for about half of total revenues, climbed 44% in the March quarter. At $108.5 billion, net sales were up 44% year-over-year and well above analysts’ forecast.
First-quarter net income more than tripled to $8.1 billion or $15.79 per share from $2.5 billion or $5.01 per share in the corresponding period of 2020. The latest number also surpassed estimates.
Read management/analysts’ comments on Amazon’s Q1 report
Amazon’s market value grew 9% since the beginning of the year. The strong earnings report triggered a rally and the stock gained during Thursday’s extended trading session.




