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Amazon Posts Q1 Results


In an April 25th release Amazon Inc. reported results for the 1st Quarter of FY 2019 ending March 31st 2019.  Net income increased from Q1 2018 by 170 percent to $1.63 billion compared to Q1 FY 2018.  Sales attained $51.04 billion, 17 percent above the corresponding 1st quarter of FY 2018.  EPS advanced 115 percent to $7.24 for the most recent quarter.


A review of comments in the release indicated that Prime Now is distributing from Whole Foods Market in 75 U.S. metropolitan areas with an additional 30 areas offering pickup from Whole Foods Market stores. The release also noted the third round of price cuts at Whole Foods Market, although no specific financial data or operational metrics were provided.