Amazon reports $3.2 billion profit in first quarter of 2023

The start of 2023 has been good for online retailer Amazon, but not as good for thousands of its workers.

COLUMBIA, S.C. (CNN)—The start of 2023 has been good for online retailer Amazon, but not as good for thousands of its workers.

The e-commerce giant reported a profit of $3.2 billion in its first quarter.

That’s a huge jump from the losses it took a year ago and far exceeded analysts’ expectations.

Amazon predicts the year will only get better for it. The company forecasted its second-quarter net sales will grow between 5—10% from the same period the year before.

That means it will be between $127 billion and $133 billion.