Amazon reported first quarter earnings results today with eye-popping sales of $51 billion, up by nearly 43 percent year over year, and a net profit of $1.6 billion. That means it’s another strong quarter for CEO Jeff Bezos, whose e-commerce juggernaut continues to defy expectations and earn money hand over fist as it expands into markets like food delivery, grocery chains, and smart home gadgets. But one area the company continues to lag in is international online retail sales, where it faces stiff competition from local rivals.
Though Amazon’s international sales grew 34 percent, it recorded another hefty loss to the tune of $622 million, meaning Amazon is still spending far more than it makes in overseas markets. That said, the rest...
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