I mean it is trading up $80.59 (+2.32%) at $3551.90, enough for a new all-time high if it carries through to the regular session but not exuberant. And considerably off yesterday's after-hours high, where a lucky buyer was able to snag some shares at $3667.66.
From Seattle's own GeekWire:
Amazon crushes earnings estimates with $108.5B in Q1 revenue, up 44%, profits of $8.1B, up 224%
Amazon blew past expectations for its first fiscal quarter earnings, posting revenue of $108.5 billion, up 44% year-over-year, and earnings per share of $15.79, up from $5.01. Profits of $8.1 billion and an operating margin of 8.2% set new records. Analysts expected Q1 revenue of $104 billion and earnings per share of $9.54.
The Seattle-based giant has surged amid the pandemic as more consumers turn to online shopping and companies rely on its cloud arm, Amazon Web Services. Its advertising and grocery delivery businesses are also gaining momentum, and streaming hours on Prime Video are up 70% year-over-year.
Even as life returns to some level of normalcy in parts of the world, Amazon’s growth continues to accelerate, much like other tech powerhouses such as Microsoft, Facebook and Apple, which all reported giant revenue gains this week....
....MUCH MORE
