|Title||[Retail Tech News] Amazon Continues Startling Profit Growth: The Industry Reacts|
ast week (26 July) Amazon (NASDAQ: AMZN) reported financial results for the quarter ending 31 June, 2018. The company’s profit smashed expectations, and the net income increased sixfold to reach USD.5bn (£1.9bn), resulting in a 3% increase in stock in afterhours trading.
This followed a turbulent week of tech results, with Facebook’s value crashing USD8bn (£90bn) post results, the single biggest loss in U.S. history. As a result of Amazon’s earnings, it places them in the lead of the race with the USDtn (£76bn) valuation.......
Source Link : https://www.retailtechnews.com/2018/07/30/amazon-continue-startling-profit-growth-the-industry-reacts/
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