Amazon quarterly profit jumps 12-fold to $2.5 bn

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Amazon on Thursday reported profits in the past quarter jumped 12-fold to $2.5 billion as the online giant saw gains across its range of businesses.

The stronger-than-expected profit helped boost Amazon shares 2.4 percent in after-hours trading even though its revenue increase came in short of forecasts, rising 39 percent to $52.9 billion.

Amazon has grown into one of the world's biggest companies on its global e-commerce operations along with , , video, groceries and other operations.


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Citation: Amazon quarterly profit jumps 12-fold to $2.5 bn (2018, July 26) retrieved 24 June 2019 from https://phys.org/news/2018-07-amazon-quarterly-profit-fold-bn.html
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