Amazon stock soars more than 11% on Q1 revenue of $29.1 billion and record profit

It’s that time of year again when investors wonder: “How’s Amazon doing?” and then Amazon tells them. Today the amorphous company revealed that its revenues rose 28 percent this quarter (Q1 2016) to $29.1 billion, up from last year’s Q1 revenues of $22.72 billion. Amazon also reported highest-ever profits of $513 million during the first quarter, up from a loss of $57 million […]