Amazon shares jump more than 11% after strong results
Profits jumped nearly 40% to $21.2 billion compared with the year-ago level
Photo: Collected via BSS
Shares of Amazon jumped more than 11% in opening trading Friday (31 October) after the online retailer reported strong results powered by surging demand for its cloud computing services.
Profits jumped nearly 40% to $21.2 billion compared with the year-ago level.
The rise in shares helped boost major indices early Friday after US stocks retreated the prior day partly due to disappointing results from Facebook parent Meta.
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