Amazon's operating income nearly hit $2 billion in Q1 — almost double what Wall Street expected (AMZ

Amazon's first-quarter profits blew through analysts' expectations, thanks to surging sales in its North American retail, cloud-computing, and advertising businesses. The company's profit beat Wall Street's forecast by a whopping $2 a share as its operating income came in much better than it had forecast at the end of last quarter. Here's what the company reported: Revenue: $51 billion. On average, analysts were expecting $49.96 billion. In the same period a year earlier, it...