Amazon surprises market with $214m quarterly profit

GMT 22:56 2015 Thursday ,29 January

Arab Today, arab today Amazon surprises market with $214m quarterly profit

New York - AFP

Amazon surprised the market Thursday with a quarterly profit far better than anticipated for the online giant known for investing for the long term.
Amazon posted earnings of $214 million in the fourth quarter as sales jumped 15 percent to $29.3 billion, swinging to profit after two consecutive losing quarters. Shares in Amazon rose seven percent in after-hours trading.


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