(Bloomberg) -- Amazon.com Inc. surged as much as 20
percent in extended U.S. trading. The world's biggest online
retailer increased its annual sales forecast and said profit more
than tripled after it reduced technology spending and boosted
sales of electronics.
Second-quarter net income rose to $78 million, or 19 cents a
share, from $22 million, or 5 cents, a year earlier, Seattle-
based Amazon said today in a statement. The results beat
analysts' estimates by 3 cents. Amazon shares rose $13.07, or 19
percent, to $82.32 as of 6:29 p.m. in New York.
Read more at Bloomberg Stocks News
percent in extended U.S. trading. The world's biggest online
retailer increased its annual sales forecast and said profit more
than tripled after it reduced technology spending and boosted
sales of electronics.
Second-quarter net income rose to $78 million, or 19 cents a
share, from $22 million, or 5 cents, a year earlier, Seattle-
based Amazon said today in a statement. The results beat
analysts' estimates by 3 cents. Amazon shares rose $13.07, or 19
percent, to $82.32 as of 6:29 p.m. in New York.
Read more at Bloomberg Stocks News
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