Amazon beats expectations in first quarter earnings as shares jump 11%
[ad_1] Amazon shares jumped more than 11%, as income from its cloud computing and advertising units beat estimates for the first quarter of the year. The e-commerce behemoth, which is in the midst of aggressively cutting costs including laying-off 27,000 workers, said revenue for the quarter was $127.4bn, a 9% growth compared to the $116.4bn…