Amazon reported first quarter sales after the close of the market on Thursday, with sales of $19.74 billion (up 23 percent) and net income of $108 million, or 23 cents a share, both almost exactly in line with analysts’ expectations. Amazon’s stock rose by $13 a share Thursday in anticipation of the report, but the price has given back much more, down $32 a share and still falling, in early trading on Friday. (Amazon shares hit an all-time high of about $408 a share in January, but with the market rotating out of “momentum” and high-value tech stocks, it now […]
