Amazon.com Inc. shares zoomed higher in extended trading Thursday after the company posted its biggest quarterly profit since 2021, but shares turned around after the company’s chief financial officer said in a conference call that cloud revenue is decelerating in the current quarter.
Amazon AMZN reported that first-quarter revenue grew to $ 127.4 billion from $ 116.44 billion in the same quarter last year. Profit reached $ 3.17 billion, or 31 cents a share, improving from a loss of 38 cents a share a year ago, which was Amazon’s…