Amazon is a massive company that brings in a ton of money but doesn’t necessarily make much profit.
That’s due to its founder and CEO Jeff Bezos. He doesn’t really care that much about making a profit. He’s said as much publicly.
This tends to make it difficult to predict just how Amazon will do in comparison to expectations for its quarterly earnings reports. Amazon’s earning reports tend to be some of the most exciting, but are also frustrating for analysts and investors.
On Thursday, Bezos had yet another surprise for them — a massive chunk of profit from its first quarter of 2016.
Makes for quite a magic trick. Read more…