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.