Amazon delivers dazzling profits, as well as $20 Prime hike and NFL game
Amazon delivers dazzling profits, as well as $20 Prime hike and NFL games. Amazon.com more than doubled its profit on Thursday and predicted strong spring results as the world’s biggest online retailer raised the price for U.S. Prime subscribers, added U.S.
football games and touted its cloud services for business. The results showed the broad strength of the company, which has been expanding far beyond shipping packages, the business that has drawn the ire of U.S. President Donald Trump. The forecast beat expectations on Wall Street, sending shares up to a new record high in the premarket action. Sales jumped 43% to $51.0B in the quarter, topping estimates of $49.8B. Read more here.