Its profit leaped to $857 million, or $1.78 per share, up from $92 million, or 19 cents per share. To scroll through a list of announcements Amazon made in the latest quarter is to be reminded how sprawling its business is becoming. Still, Amazon’s fulfillment costs jumped nearly 35 percent to $3.88 billion in the quarter, a number closely watched by many investors. The Seattle-based company’s revenue soared 31 percent to $30.4 billion in the second quarter. “This is particularly impressive as we believe there was likely delayed shopping/spending by Amazon’s key Prime members in anticipation of the Prime Day deals, especially where purchases of discretionary items are concerned,” O’Shea said in a research note.

Source: Washington Post July 28, 2016 22:18 UTC