Amazon Turns A Profit

“Online retailer Amazon has reported a quarterly profit for the first time outside of the key Christmas sales period. The company said free delivery offers and a new sporting goods store had helped boost revenue by 33%… The results – only the third time in its history Amazon has made a quarterly net profit – were slightly better than most Wall Street estimates.” Still, many industry observers believe that the bookselling supercompany is performing far below its potential, and analysts continue to warn that the company’s stock is dangerously overvalued.