In spite of shaky income reports, Amazon stocks hold steady
During the first quarter, Amazon (AMZN) reported a significant loss in income—thirty-five percent. But even given that bleak outlook, Amazon stock fared relatively well. The online giant reported twenty-eight cents per share in the most recent quarter, making the overall profit close to one hundred and thirty million dollars. These numbers are less than Amazon’s profits this time last year, but the loss is nowhere near as great as expected, given the recent income reports. In contrast with the low income, overall sales are up thirty-four percent from last year. The new Kindle…