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Amazon Q1 beats on net sales of $75.5B but posts net income of $2.5B, down $1B on a year agoAmazon has been one of the biggest names synonymous with how the consumer masses cellularline cover samsung s9 are experiencing life under lockdown: its site lets you buy anything from soup to nuts, from books to baking pans for all your sourdough; and via its streaming services, it gives you many ways to stay entertained. Today, the company reported first quarter earnings that bore out the first of these in spades, but at a cost to profitability as it works to serve a public under a whole new set of challenging conditions. EDT. Despite reporting better than predicted sales for the quarter ($1.42 billion, versus the $1.37 billion analysts had expected), Olin loss was nearly twice as bad as analysts had expected $0.51 per diluted share. Olin ended up losing $0.51 per share in Q1, compared to a year ago profit of $0.25 per share…