Amazon Shares Jump On Surprise 2q Profit

SEATTLE (AP) — Amazon.com reported a surprise second-quarter profit Thursday on continued strength of its cloud-computing business and strong revenue both domestically and abroad. Shares jumped $83.96, or 17 percent, to $566.14 in aftermarket trading. The quarterly results bucked Amazon's long-time strategy of investing the money it earns back into the company, resulting in quarterly losses or thin profits.Read more on NewsOK.com

Topics:  seattle ap    shares   newsok   amazon   surprise   profit   quarterly   

 

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