Jim Cramer Blog

Amazon.com Inc.'s second-quarter profit more than tripled, boosted by strong sales of books, music and electronics worldwide. The Web retailer's stock soared 12.5 percent in after-hours trading.

Earnings for the three months ended June 30 climbed to $78 million, or 19 cents per share, from $22 million, or 5 cents per share during the same period last year, the company said Tuesday.
Results topped Wall Street's expectations. Analysts polled by Thomson Financial forecast a profit of 16 cents per share.
Revenue rose 35 percent to $2.88 billion from $2.14 billion in the year-ago quarter, beating analysts' expectations for $2.81 billion in sales.

Labels: Amazon.com Inc., AMZN