It’s All About the Expectations Sales were up 26 percent at Amazon for their second quarter, to $1.75 billion, but net income dropped to $52 million from $76 million a year ago. But the fall in profits was better than Wall Street expected and was due mostly to income tax changes, so shares were bid up again. Gross profit, one of Amazon’s many favored measures of performance, was up 32% to $450 million, which company CFO Tom Szkutak said was driven by third-party sales through the site — which now comprise 28 percent of all unit sales. They still don’t […]