Amazon.com Inc. swung from loss to profit and significantly boosted net sales during a first quarter that topped analysts expectations.
The world’s largest online retailer reported better-than-expected net
income of $513 million, compared to a net loss of $57 million in the
first quarter of fiscal 2015.
Net sales also topped forecasts, rising 28% to $29.1 billion from $22.7 billion. . . . more