Amazon Raising Prime Annual Price to $119

Jeff Bezos private jet frequents the Washington DC area

Analyst consensus estimated operating income of $1.13 billion of operating income and sales of $52.3 billion. The shares are up about 30 percent so far in 2018. The company's commitment to profitability struck a cord with investors, sending the stock up more than 6 percent during after-hours trading on the Nasdaq. Amazon increased its Prime monthly fee from $10.99 to $12.99 in January.

Shares of Amazon closed Wednesday at $1,517.96, with a consensus analyst price target of $1,675.20 and a 52-week range of $912.11 to $1,617.54. "On the AWS front, the sales increase of nearly 50% was accompanied by around a 140 basis point improvement in operating margin, indicating that enterprises continue to shift increasing IT workloads into the public cloud", he said in comments emailed to Retail Dive. The company reported that revenue jumped 43% from a year ago, to $51 billion from $35.7 billion. That's more than double the company's Q1 2017 net income of $724m, or $1.48 per diluted share.

Net sales increased 43% to $51.0 billion in the first quarter, compared with $35.7 billion in first quarter 2017.

If you're an Amazon Prime subscriber, then we've got some bad news for you. In the previous quarter, which included the busy holiday shopping season, it had a profit of more than $1.8 billion. Existing members will be charged the higher price starting June 16 as their accounts become eligible for renewal, CFO Brian Olsavsky announced on Thursday (April 26).

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'Avengers: Infinity War' super-villain takes on Marvel superheroes
Louis D'Esposito, Victoria Alonso, Michael Grillo, Trinh Tran, Jon Favreau, James Gunn and Stan Lee are the executive producers. Directors Anthony and Joe Russo are returning for the film, which they shot back-to-back with Infinity War .

Amazon continues to invest in a wide array of areas.

Getting the deal would help the company cement its top spot in USA cloud services - boosting its highly profitable cloud business - and give it an advantage in future government cloud contracts. The company said earlier this month that it has 100 million Prime members, the first time it has released the number.

Starbucks reported sales growth that modestly exceeded Wall Street expectations, during a quarter that preceded the fallout over the arrest of two black men at one of its Philadelphia stores.

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