Despite net loss, Amazon shares rise

While Amazon reported a net loss of $57 million in the first quarter - compared to net income of $108 million a year earlier - shares still rose on its earnings report.

According to Fox Business, that's because the report included profits from its cloud services business for the first time. Shares rose 4.6 percent in after-hours trading.

Amazon’s net sales increased 15 percent to $22.7 billion in the first quarter, compared with $19.7 billion in first-quarter 2014. Analysts had forecast revenue of $22.4 billion.

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