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Amazon beats earnings estimates for holiday quarter

Jeff Bezos surrounded by Matt Damon, Taika Waititi and Chris Hemsworth at a Golden Globes party
Amazon CEO Jeff Bezos at a Golden Globes party last month. Photo: Alberto E. Rodriguez/Getty Images

Amazon's earnings for the 2017 holiday season beat estimates as it continues to dominate the online retail market.

The bigger picture: The Wall Street Journal notes that the fourth quarter of 2017 was the first where the company — which has notoriously tight margins — drew a profit of more than $1 billion, which the company says included a "provisional" tax benefit of $789 million linked to the recently-passed tax reform bill.