Amazon stock soars more than 10% after earnings show a return to big profit

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 97%

Business News News

Business Business Latest News,Business Business Headlines

Amazon’s first-quarter profit reached $3.17 billion, or 31 cents a share, improving from a loss of 38 cents a share a year ago. $AMZN zoomed higher in late trading Thursday, after the company posted its biggest quarterly profit since 2021:

Amazon.com Inc. shares zoomed higher in extended trading Thursday, after the company posted its biggest quarterly profit since 2021, seemingly turning the page from a disappointing year.

Amazon AMZN reported that first-quarter revenue grew to $127.4 billion from $116.44 billion in the same quarter last year. Profit reached $3.17 billion, or 31 cents a share, improving from a loss of 38 cents a share a year ago, which was Amazon’s first loss in seven years, at the time. The e-commerce and cloud-computing giant’s management...

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in BUSİNESS

Business Business Latest News, Business Business Headlines