Net income for the quarter was impressive: $2.5 billion, or $5.07 per share, compared with $197 million, or $0.40 per share, in 2017. Amazon fell $56, or about 3 percent, in regular trading Thursday — a minor blip in the stock’s relentless march upward over the last decade. Last week, both the power and the perils of Amazon were on vivid display. The company had its fourth-annual Prime Day, a made-up shopping holiday that is available only to Prime customers. Michael Pachter, an analyst at Wedbush, estimated that Prime Day sales rose 33 percent from last year.

Source: New York Times July 26, 2018 23:26 UTC