Amazon.com Swings To Unexpected Q3 Profit, Stock Up

By | October 22, 2015

Scalper1 News

Amazon.com late Thursday reported that it had swung to an unexpected profit in Q3 as revenue jumped 23% and also beat Wall Street expectations. The No. 1 e-commerce company, Amazon.com (AMZN) posted revenue of $25.4 billion, where analysts polled by Thomson Reuters had expected $24.9 billion. Amazon earned 17 cents a share vs. a year earlier’s 95-cent loss. Amazon stock was up 10% in after-hours trading. Shares rose 1.5% in the Scalper1 News

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