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VIDEO: Amazon.com Shares Soar, Larger Market Capitalization Than Wal-Mart

By  //  July 25, 2015

surprise second-quarter profit

ABOVE VIDEO: Amazon.com Inc. AMZN, +9.80%   made history Thursday when shares skyrocketed after the company reported a surprise second-quarter profit of 19 cents a share, up from a loss of 27 cents a share a year earlier. Revenue rose to $23.185 billion from $19.34 billion, exceeding analysts’ expectations. Shares rose over 20 percent, giving the retailer a larger market capitalization than Wal-Mart. (CNBC video)

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Amazon.com Inc. AMZN, +9.80% made history Thursday when shares skyrocketed after the company reported a surprise second-quarter profit of 19 cents a share, up from a loss of 27 cents a share a year earlier. Revenue rose to $23.185 billion from $19.34 billion, blowing past analysts’ expectations. Shares rose over 20 percent, giving the retailer a larger market capitalization than Wal-Mart.
Amazon.com Inc. AMZN, +9.80% made history Thursday when shares skyrocketed after the company reported a surprise second-quarter profit of 19 cents a share, up from a loss of 27 cents a share a year earlier. Revenue rose to $23.185 billion from $19.34 billion, blowing past analysts’ expectations. Shares rose over 20 percent, giving the retailer a larger market capitalization than Wal-Mart.