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Amazon's Earnings, and Shares, Surge

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Amazon's Earnings, and Shares, Surge

Technology

Amazon's Earnings, and Shares, Surge

Amazon's Earnings, and Shares, Surge

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  • <iframe src="https://www.npr.org/player/embed/12218553/12218554" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript

The Internet retailing giant Amazon.com turned in one of its best quarters ever. Profits more than tripled, reflecting strong sales of books, music and electronics worldwide. Its shares skyrocketed $14.70, or 21 percent, to $83.95 in after-hours electronic trading.

RENEE MONTAGNE, host:

Our business news starts with a strong earnings report from Amazon.

The Internet retailing giant turned in one of its best quarters ever with a huge increase in profits. Amazon released its second quarter numbers just after the market closed yesterday, and its shares jumped 19 percent higher in after-hours trading.

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