Showing posts with label Amazon Stock. Show all posts
Showing posts with label Amazon Stock. Show all posts

Amazon Stock Surges 18 percent

Shares of Amazon.com (NASDAQ: AMZN) reported a huge quarterly profit of electronic commerce after completion of Thursday undercover operations, an increase of 18 percent in the address details. Sales in North America, its largest market, led by energy, 20 per cent from a year ago.

After hours trading to $ 572.99 increase of almost 18.5 percent.

Islam has a long history indifferent profits, but investors to sell faster than a sacrifice to restore the company for further growth. Sales in North America in the same period a year ago, an increase of 11 billion US dollars from 13.8 billion in the fourth quarter rose by 26 percent.

Islam, closed with a $ 227 billion market value of the US trading session on Thursday. The company Seattle won nearly 60 percent so far this year, the interpreter Nasdaq 100 2. From January, the number of subscribers growing increased by more than 100 percent of the cost, which is: Is not that the video streaming service Netflix Inc. ( NASDAQ NFLX) behind.

I on in the January March quarter Amazon, with a turnover of 126 million dollars or 27 cents per share, compared with a loss of $ 23.18 billion on a turnover of 92 million, or 19 cents per share Earnings reported earnings financial second quarter 19.3 billion US dollars over the previous year.

Wall Street analysts polled by Thomson Reuters, said, with a turnover of 22.4 billion US dollars 12 cents per share in the second quarter business is projected a loss of $ 47.49 million, or earnings.

In April, the e-commerce giant finally revealed sales figures for its cloud computing unit, Amazon Web Services, for the first time in a decade, offering insight into the company's core domestic operations. CEO Jeff Bezos called it a “$5 billion business” that is growing fast.

For the quarter ended June 30, the e-commerce company said its cloud business generated revenue of $1.8 billion, up from $1 billion last year.

Analysts also hope to glean a clear picture into how last week's Amazon Prime Day sale -- the one-day sale celebrating the company’s 20th anniversary -- boosted revenue in the current quarter. Sales exceeded its biggest Black Friday ever, as global order growth leaped 266 percent over the same day last year, and 18 percent more than Black Friday 2014, the company said last week. [Black Friday is the day after Thanksgiving, when early Christmas sales push many retailers into profitability for the year.]

Wall Street estimates the sale added 2 percent to unit growth for the current quarter, Gene Munster, an analyst at Piper Jaffray, said in a research note July 16.

"We continue to view Prime as one of the most important drivers of growth for Amazon and believe that this campaign will only strengthen its perceived value among consumers," Jaffray said.

Ahead of the earnings announcement, Munster gave Amazon an Overweight rating Monday with a 12-month price target of $520. 
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