Amazon.com, Inc. Earnings Obliterate Expectations Yet Again

Rewind about three months, and you may recall when e-commerce giant Amazon (NASDAQ: AMZN)reported fourth-quarter resultsthat absolutely crushed consensus analyst estimates for the period. Further, if you perused the quarterly report, you'll also probably remember Amazon's monstrous guidance for first-quarter revenue to rise 34% to 42% year over year.

Well Amazon's first quarter is here, and it looks like a repeat: Revenue exceeded management's guidance range, and Amazon's outlook for its second quarter implies there's more enormous growth ahead. And did I mention that operating income and earnings per share soared?