Thursday, October 22, 2015

Amazon Posts an Unexpected Profit, and Its Shares Soar - The New York Times

AMZN is up ~10% in after-hours trading; also see Amazon earnings beat estimates with huge surge in cloud sales and profit (The Verge)

"Amazon showed Wall Street just what it was capable of in the third quarter, and investors roared their approval.

Revenue at the Seattle-based retail, computing and entertainment company rose 23 percent to $25.4 billion in the third quarter, $500 million more than analysts were expecting.

An expected loss turned into a profit. Net income was 17 cents a share."
Amazon Posts an Unexpected Profit, and Its Shares Soar - The New York Times
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