Amazon punished for spending despite higher revenue
In the first quarter, Amazon’s revenue reached $181.5 billion, a 17% increase year-over-year, exceeding analyst expectations of $177.2 billion. The company’s net profit rose 77% to $30.3 billion, and operating profit grew to $23.9 billion. Despite these results, Amazon’s share price fell 1.9% in after-hours trading, likely because investments increased to $44.2 billion, more than […]