Why Are Amazon Shares Soaring? Thank Amazon’s Web Business

Wall Street was shocked and surprised that Amazon.com reported a profit for the second quarter. The profit news — when Wall Street was expecting a loss — pushed the stock up more than 17% after hours and well above $500. That will easily eclipse Amazon’s all-time high of $493 if it holds on Friday.

from Forbes – Tech http://ift.tt/1LyFsIr
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