Jeff Bezos is Founder and CEO of Amazon.com, an online merchant of just about everything under the sun. Amazon is offers everything — TV programming — movie production and rentals — merchandise sales — server storage — drone deliveries — and so much more. Today, Amazon.com announced its quarterly earnings and the market loved what they heard.
Amazon reported first-quarter net income of $513 million, or $1.07 per share, on $29.13 billion in revenue. Those figures compare with a loss of 12 cents per share and $22.72 billion in sales for the previous year.
Within 20-minutes of the results being announced, the Amazon CEO saw his 82.9 million shares increase in value by $6 billion as the company’s stock price jumped over 10% in after-hours trading.
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