Wall Street is stunned over Amazon’s impressive June quarter earnings results.
Analysts say they are growing more confident in Amazon due to its increasing ability to generate more profits from its key opportunities.
The e-commerce juggernaut said Thursday it generated second-quarter earnings per share of $5.07, crushing the $2.50 Thomson Reuters consensus. Operating profit margin came in at 5.6 percent versus the 3.2 percent FactSet analyst estimate for the quarter.
Its shares are up 3.6 percent Friday following the report.
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