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Thursday, July 23, 2015

AMAZON'S AMAZIN'
AFTER-HOURS BUMP

Following an unexpectedly positive Q2 earnings report, Amazon's stock zoomed up 83 points (nearly 18%) in after-hours trading. The results follow a difficult month or so for the e-tail emporium, which also happens to be one of the biggest earthly vendors of recorded music; its much-ballyhooed "Prime Day" fell well short of expectations and competition from startup Jet.com (headed by ex-Amazon exec Marc Lore) has caused some murmurs.

But with a 20% year-over-year bump in revenue ($23.2 billion, vs. $19.3 billion in Q2 2014), Amazon exceeded analysts' expectations and saw a trading bonanza that has sent its stock to 567.00 after hours after a 491.66 opening.

Jeff Bezos was so happy he ordered a vaporizer with free shipping.

 
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