Amazon impulse buying and profits double

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Amazon has reported that 43% increase in revenues for the first quarter, fueled by online shopping in the United States.

The internet retail giant said that revenue rose to $51bn (£36.6 bn) in the three months to March, surpassing the forecasts of the analysts.

Amazon also said that its profit more than doubled, by using its shares to a new high in after-hours trading on the New York Stock Exchange.

She added that it expects the earnings and revenue growth in the second quarter.

Over the three months to March, Amazon’s net profit of 1.6 billion of the $724m in the same period last year rose to$.

Amazon was founded and is led by Jeff Bezos, according to Forbes magazine, is now the richest man in the world, and owns The Washington Post newspaper.

The company has to pay recently targeted by US President Donald Trump, who claims Amazon is not enough taxes.

He has also claimed it is a rip-off of the US Postal Service which, he claims, loses an average of $1.50 for each package delivers for Amazon.

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Wedbush Securities analyst Michael Pachter told Reuters that the success of “the best revenge is that Bezos can get against the administration for its veiled threats about sales taxes and don’t pay their fair share”.

Amazon reported that sales of its North America business rose to $30.7 billion, compared to $20.9 billion in the first quarter of last year.

His earnings jumped to $1.1 billion from $596m before.

It is also said that Amazon Web Services, which hosts a cloud-computing platform that is used by a number of large companies, which is also good in the quarter.

However, in the international business, while sales rose to $14.8 bn losses $622m extended in comparison to $481m last time.