Amazon’s shares climb 7 percent on strong financial results - News Summed Up

Amazon’s shares climb 7 percent on strong financial results


The financial results topped analysts’ predictions and sent shares soaring by more than 7 percent in after-hours trading. The Seattle-based tech giant, which has more than half a million employees, said Thursday that revenue grew 34 percent, due in part to the company’s recent purchase of Whole Foods Market. It brought in $4.6 billion during the third quarter, up from $3.2 billion a year earlier. The parade continued earlier this week when the company announced Amazon Key, a new in-home delivery service for Amazon Prime members. Newly acquired Whole Foods Market accounted for $1.3 billion in third-quarter sales.


Source: Washington Post October 26, 2017 22:24 UTC



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