Friday, July 24, 2015

Now, Amazon is the largest e-retailer – Business Wire

After the close of trading on Thursday surprised by Amazon to report earnings per share of $ 0.19 for the second quarter, against an expected loss of $ 0.13 per share.

The share rushed 19 per cent for trade, resulting in a market capitalization of about 267 billion e-commerce giant. This compares with Wal-Mart’s market value at 233.5 billion.

In Friday’s pre-trading prolonged Amazon upswing, and was just before stock market opening up over 20 percent.

CEO Jeff Bezos implied share value increase after the report that his fortune grew by more than 7 billion dollars, equivalent to 60 billion, in under an hour, according di.se.

Before yesterday’s development was Bezos good for nearly 300 billion crowns.

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