HITS Daily Double


Despite being constantly whined about and criticized by Trump, Amazon is bigger and more valuable than ever.

The tech giant's first-quarter earnings blew past all Wall Street expectations, clocking in at $3.27 per share on $51 billion in revenues for the quarter, compared with the $1.27 per share on revenues of $49.96 billion that analysts expected.

In the same quarter last year, earnings were $1.48 per share.

Amazon overlord Jeff Bezos credits the growth to Amazon Web Services, which remains one of the most used cloud computing services with over 1m businesses and organizations, like Spotify, Netflix and McDonald's.

And despite the Trump rhetoric, the company is currently vying (along with Microsoft and Google) for a lucrative, 10-year multi-billion dollar contract that would modernize the U.S. Department of Defense's information technology system.

In related news, Amazon also announced on 4/26 that they were raising the price of its Prime membership 20% to $119 per year, the first price hike since March 2014. The hike will go into effect on 6/16.

Last week, Bezos announced in his annual letter to investors that Prime had surpassed 100 million members worldwide.

The President, meanwhile, is frantically searching for another online vendor for gold bathroom fixtures.