Amazon’s Profit More Than Doubles on 17% Rise in Sales
By Yoree Koh
Updated May 1, 2019 8:15 p.m. ET
Amazon.com Inc. notched a best-ever $3.56 billion quarterly profit as it continued to lean on higher margin businesses and put a lid on costs.
Expenses, however, are expected to jump in the second quarter in part because Amazon said it would invest $800 million to make one-day free shipping the standard for Prime members, instead of two days.
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