Amazon.com Inc. (AMZN) Stock Surges 25 Percent
Shares of Amazon.com Inc. soared 26 percent on Wednesday, a day after the Web retailer reported its second-quarter profit more than tripled on strong sales of books, music and electronics.
Amazon shares surged $18.19, or 26.2 percent, to $87.44 in morning trading after rising to a 52-week high of $88.80 earlier in the seession.
After the stock market closed on Tuesday, Amazon reported its quarterly earnings climbed to $78 million, or 19 cents per share, from $22 million, or 5 cents per share during the same period last year. Sales jumped 35 percent to $2.88 billion from $2.14 billion in the year-ago quarter.
Amazon shares surged $18.19, or 26.2 percent, to $87.44 in morning trading after rising to a 52-week high of $88.80 earlier in the seession.
After the stock market closed on Tuesday, Amazon reported its quarterly earnings climbed to $78 million, or 19 cents per share, from $22 million, or 5 cents per share during the same period last year. Sales jumped 35 percent to $2.88 billion from $2.14 billion in the year-ago quarter.
Labels: Amazon.com Inc., AMZN
posted by Stock Administrator @ 2:22 PM
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