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1 Big Reason I Won't Buy Amazon Stock

TheMotleyFool

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Late last month, Amazon.com (NASDAQ: AMZN) reported blowout earnings results for the first quarter of 2021. Sales surged 44%, reaching $108.5 billion. This surpassed the high end of management's guidance and beat the Wall Street consensus by $4 billion. Operating income more than doubled to $8.9 billion.

Amazon expects growth to remain robust in the second quarter, despite facing much tougher year-over-year comparisons. Indeed, the COVID-19 pandemic appears to have accelerated its already-impressive growth.