Amazon Hits A New 52-Week High After Doing This

Shares of Amazon.com soared to a new 52-week high on Friday, closing at $772.44. The stock has seen an impressive return of 54.8% in the last full year and has increased by 14.3% year to date.

The world’s biggest retailer released second quarter numbers revealing a profit of $1.78 per share. This was well ahead of the Zacks Consensus Estimate of $1.14. The company’s revenues at $30.40 billion were also up 4.4% sequentially and up 31.1% from the year ago quarter.

Looking ahead at Q3, management expects revenues at around $31-33.5 billion.

Disclaimer: We have no position in Amazon.com Inc. (NASDAQ: AMZN) and have not been compensated for this article.

Sofia Vida

Sofia has been writing for major news outlets for over 15 years. In her spare time she enjoys hiking, walking her dogs, and going to concerts.

sophia-villa has 1770 posts and counting.See all posts by sophia-villa

Get my latest stock alerts Real Time when you subscribe to the Newsletter.