Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Amazon Stock Was Climbing on Friday

TheMotleyFool

0 0

Why Amazon Stock Was Climbing on Friday: https://g.foolcdn.com/editorial/images/752631/e-commerce-online-shopping.png

Shares of Amazon (NASDAQ: AMZN) were up 8% as of 10:08 a.m. ET on Friday following a better-than-expected business update.

Amazon's online stores and cloud business are showing improving revenue trends after slower growth hit the company in 2022. Overall, sales were up 13% year over year to $143 billion, while Amazon's operating profit jumped to $11.2 billion, up from $2.5 billion in the year-ago quarter.

Amazon's online stores grew 6% year over year, representing the third consecutive quarter of accelerating growth. The e-commerce leader is benefiting from investments to speed up delivery and gain more efficiency by moving to a single national fulfillment network.

Source Fool.com

Like: 0

AMZN

Share