(Hegnar.no): After close of trading on Thursday, the US e-commerce giant Amazon forward its quarterly figures. It was very good news for shareholders.
Server money
In Q2 earned Amazon $ 92 million, which equates to 19 cents per share, compared with a loss of $ 126 million the year before. Sales totaled $ 23.2 billion, which was $ 800 million better than analysts’ expectations.
The management, which is usually sparse with information about which products contribute to the good figures, guides reach revenues of between 23.3 and 25, 5 billion dollars in this year’s Q3.
Amazon Web Services
CNN says that Amazon Web Services has been a solid contributor. Here grew revenue by 81 percent to $ 1.8 billion while profit jumped 408 percent to $ 391 million.
Rally on Wall Street
The news caused the stock climbed 18 per cent to $ 567.77 in extended trading on Wall Street.
Founder Jeff Bezos, who is also one of the major shareholders in the company, experienced thus the value of his shares increased by 7.18 billion dollars, or 58.88 billion in under an hour.
For a half years ago rated Forbes Jeff Bezos as the 15th richest person in the world. Then he had a fortune of 34.8 billion dollars. We rely on a share price of $ 567.77, has Bezos fortune grew to 47.65 billion dollars.
Greater than Wal-Mart
Thursday’s price upturn also made sure Amazon went past legendary Wal Mart in the market. Amazon is now worth 267 billion dollars while Wal-Mart has a market capitalization of $ 233.5 billion.
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