YESTERDAY WAS A good day for anyone who owns a piece of Amazon.
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The Seattle company is now trading at $567 per share, up 17 percent in after-hours trading, which is an all-time high.
On Thursday evening, Amazon reported $US23.18 billion in revenues – a 20% year-over-year jump.
Operating cash flow increased 69% to $8.98 billion for the trailing twelve months, compared with $5.33 billion for the trailing twelve months ended June 30, 2014.
The figures were enough to send the stock skyward in after-hours trade on the New York exchange, although it remains to be seen if the big rise will hold up today. The stock is up more than 80 percent this year. One example: A seven-bedroom Tudor mansion, “complete with a batting cage and saltwater pool,” which was sold by a retired baseball pitcher to Chinese investors for $3.2 million, is now being “rented out to a group of Amazon.com employees”. It was the third-consecutive stock jump following earnings for Amazon and put the company, founded by Jeff Bezos in 1994, on track to surpass the market value Wal-Mart Stores.the giant brick-and-mortar retailer.
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The service is up and running in several US cities, but earlier this week it was reported the Amazon Fresh operation was also coming to the UK.
