Hey Look, Amazon Actually Turned a Profit

Amazon made a $92 million profit last quarter, or about 19 cents per share. That's peanuts compared to other tech giants like Google, which netted $3.93 billion last quarter, or eBay, which made $682 million. But analysts expected Amazon to lose 14 cents per share. In fact, it's unusual that Amazon, a 21-year-old company, actually turns a profit at all. Last year the company lost 27 cents a share in the second quarter. So investors are feeling pretty good about Amazon right now: shares are up 15 percent in after-hours trading.