Amazon investors gobbled up shares like hungry piranhas late Thursday after the e-commerce giant reported a surprise profit and better-than-expected sales in the second quarter. Amazon (AMZN) also gave sales guidance for the current Q3 that was ahead of Wall Street’s target. Amazon stock jumped 17% to 564 in after-hours trading . During the regular session, Amazon fell 1.3% to 482.18. Shares hit a record 493.20 on Monday. Amazon
Amazon.com (AMZN) is set to report second-quarter earnings after the close Thursday with expectations it will maintain a string of double-digit percentage gains in revenue going back more than four years. The consensus estimate on Amazon Q2 results is revenue of $22.38 billion, up 16% from the year-earlier quarter. Analysts polled by Thomson Reuters expect a per-share loss minus items of 14 cents. That compares with a 27-cent loss in Q2 2014, and
Amazon.com (AMZN) stock hit an all-time high Monday after getting analyst upgrades and a prediction that it will pass Macy’s (M) as the No. 1 apparel retailer by 2017. Amazon stock was up 1.3%, near 489, in afternoon trading on the stock market today . It is the third trading day in a row that Amazon has hit a new high. Amazon reports second-quarter earnings after the close Thursday. Cowen & Co. analyst John Blackledge upgraded Amazon stock to