It has been reported today that online giant Amazon’s shares have shot up more than 18% after the popular e-tailer announced better-than-expected sales and profit figures.
Figures show that Amazon saw a $92 million profit in comparison to the same period the previous year where it saw a $126 million loss. Contributing to the rise in sales were items such as electronic goods and general merchandise with Amazon Web Services also getting involved with sales up 81%.
In after-hours trading, shares rocketed 18.5% to $571.24 a share following the announcement.
Jeff Bezos, chief executive and Amazon founder said: "The teams at Amazon have been working hard for customers."
