Amazon shares hit record high after blowout earnings results

Amazon (AMZN) shares reached a record intraday high after reporting first-quarter results and guidance that blew past expectations. 

Shares of the e-commerce giant jumped as much as 2.4% to reach as high as 3,553.39 Friday morning in New York. The stock lost steam in afternoon trading, however, and ultimately ended lower by 0.1% to 3,467.42, or short of a record closing high. 

The surge came after the company posted yet another quarter of ballooning sales and earnings, easily exceeding…

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