Amazon yesterday reported third-quarter earnings that far exceeded analysts' forecasts, sending shares in the world's largest online retailer more than 14 per cent higher in after-hours trading.
The retailer reported net sales of $5.45bn in the quarter while its net profit rose 68 per cent to $199m, or 45 cents per share. The results beat Wall Street analysts' forecasts of earnings of 33 cents per share, and revenues of about $5bn.
