(Reuters) - Amazon's dizzying rise on Wednesday -- up 24 percent and a three-fold increase over the past year -- represents investor reaction to a glowing second quarter: Earnings tripled, revenue grew strongly and profit margins expanded.
Wall Street got its first glimpse of improved Amazon performance in the January-March quarter, a welcome sign after years of what many complained was the company's focus on sales at the expense of profits, which stagnated as Amazon spent heavily on technology and content.
Read more at Reuters.com Business News
Wall Street got its first glimpse of improved Amazon performance in the January-March quarter, a welcome sign after years of what many complained was the company's focus on sales at the expense of profits, which stagnated as Amazon spent heavily on technology and content.
Read more at Reuters.com Business News
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