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It looks like more good news for Amazon today. The company's shares are up over eleven percent after posting a profit for the second quarter in a row.
E-commerce company Amazon.com Inc on Thursday recorded a surprise profit for the second quarter in a row, propelled by higher sales in North America and its cloud computing business, and its shares rose 11 percent. Chief Financial Officer Brian Olsavsky told reporters on a conference call that the balance between investing and cost controls "will be lumpy over time."
E-commerce company Amazon.com Inc on Thursday recorded a surprise profit for the second quarter in a row, propelled by higher sales in North America and its cloud computing business, and its shares rose 11 percent. Chief Financial Officer Brian Olsavsky told reporters on a conference call that the balance between investing and cost controls "will be lumpy over time."