Amazon Posts Net Sales of $51 Billion, Raises Prime Price to $119
In spite of rate hike, Amazon stock jumps after financial report.
Apparently not everyone is enthralled with Amazonís latest financial report. ĎAmazon has the nerve to hike Prime to $119 on the same day it announces massive $1.6 billion profits,í read the headline of an Inc. article last week. On Thursday, Amazon (NASDAQ: AMZN) reported impressive first quarter financials, including net sales of $51.0 billion, an increase of 43 percent year-over-year. The company also reported net income of $1.6 billion, or $3.27 per diluted share, compared to net income of $724 million, or $1.48 per diluted share, for the first quarter of 2017.
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