Yeah seems strange. EPS is a beat but the rest seems not only a miss but really questions the viability of the model. See what happens when more info is digested. One other point is if exchange rates were bad before then 2nd quarter will be really bad. I share your title's sentiment.
that's why I never short AMZN. It only makes sense in bizarro world. One day shareholders will wake up with a 50% haircut but that could be months/years down the road. AMZN is the ultimate risk on stock that just keeps on giving.