Amazon (AMZN)’s first quarterly earnings of 2024 are out. The retail and tech giant yesterday (April 30) reported $143.3 billion in revenue for the three months ended March, up 13 percent from the same period last year and beating Wall Street expectations. Operating profit grew even faster, more than doubling to $15.3 billion, suggesting CEO Andy Jassy’s cost-cutting measures are working. Artificial intelligence led the show during a call with analysts, where Amazon leaders said “A.I.” a total of 30 times. Amazon shares jumped around 5 percent to $178 in yesterday’s after-hour trading, continuing its rally since the beginning of the year.

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