Thursday July 2, 2020

Amazon shares rise on higher sales

Amazon.com rose in late trading after reporting gains in sales and North American operating margin as it benefited from investments in warehouses and a jump in holiday shopping.

30th January, 2013
Fourth-quarter sales at Amazon climbed 22 per cent to $21.3 billion.

Amazon.com, the world’s largest Internet retailer, rose in late trading after reporting gains in sales and North American operating margin as it benefited from investments in warehouses and a jump in holiday shopping.

Fourth-quarter sales climbed 22 per cent to $21.3 billion, the Seattle-based company said yesterday in a statement. Operating margin in North America widened to 5 per cent from 2.9 per cent a year earlier. Shares rose as much as 12 percent in extended trading.

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