Amazon shares pop as company beats revenue, profit forecasts

Shares of online retailer Amazon.com Inc. shot up in after-hours trading as the company blew past Wall Street expectations for first-quarter revenue and earnings. Amazon reported Thursday that it made a profit of $1.07 US per share, topped the average analyst forecast of 61 cents, according to Zacks Investment Research. The company reported revenue of $29.13 billion, ahead of the $27.94 average analyst forecast.