It acquired Whole Foods for $13.7 billion US in August to help it deliver groceries to shoppers' doorsteps. The world's largest online retailer said net income rose to $256 million US, or 52 cents per share in the quarter ended Sept. 30. Sales jumped 34 per cent to $43.7 billion US in the third quarter, including $1.3 billion US in sales from the upscale grocer. Prime Day, a summer marketing event Amazon has created to replicate the shopping frenzy that is more typical of the winter holiday season, helped boost sales. Amazon expects an operating profit in the current quarter between $300 million US and $1.65 billion US.

Source: CBC News October 26, 2017 20:57 UTC