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' Inc. surprised investors by more than doubling its quarterly profits to $1.6 billion, continuing its streak of fiscal discipline that has propelled the company to record earnings in recent quarters.

The online retail giant reported a per-share profit of $3.27 as share, compared with $1.48 a share and $724 million a year ago. Amazon’s revenue surged 42.8%—the largest quarterly growth in more than five years—to about $51 billion.'

"Amazon Web Services (AWS) revenue grew 49% year-over-year to $5.44 billion, blowing past the $5.25 billion estimated by Thomson Reuters. "AWS had the unusual advantage of a seven-year head start before facing like-minded competition, and the team has never slowed down," Bezos said in a statement.

The $99-per-year Prime boasts more than 100 million members. AWS sales, meanwhile, are expected to double to $41 billion by 2020, Keybanc Capital Markets analyst Edward Yruma said in a recent note to clients.

And things could get even better.

Amazon gave second-quarter revenue guidance of $51 billion to $54.0 billion, in line with street estimates of $52.2 billion. Operating income is expected to come in between $1.1 billion and $1.9 billion, compared with the $1.01 billion estimated by analysts."

First they print $1bn then $1.6bn, then $2bn, and so on and so forth.

Maybe Bezos knows what he's doing...up $100 AH....
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