Its $13.7 billion acquisition of Whole Foods Market last year is helping it capture shoppers' grocery sales, too. Its profit received a provisional $789 million boost from the U.S. Republican tax bill passed in December. "This was another blow-out quarter for Amazon," said GBH Insights analyst Daniel Ives. Prime saw more than 4 million sign-ups in one week alone last quarter, and revenue from subscription fees grew 49 percent to $3.2 billion, Amazon said. Amazon said it expects operating profit in the current quarter of between $300 million and $1 billion.

Source: CBC News February 01, 2018 21:18 UTC