Amazon Shatters Earnings Predictions

    FILE - This Dec. 13, 2005 file photo shows stacks of Amazon.com boxes with merchandise for shipment, at the Amazon.com fulfillment center in Fernley, Nevada. Amazon.com Inc. has signed a deal Monday, Sept. 26, 2011, to stream Fox movies and TV shows to members of its Amazon Prime premium shipping program. (AP Photo/Ben Margot, File)

    Ben Margot / AP Photo

    Amazon beat Wall Street’s most generous predictions for its first-quarter earnings, sending its stock price up 15 percent at the close of trading Thursday. The online-retailing giant’s revenue was $13.18 billion, up 34 percent from a year ago and ahead of expectations by nearly a billion dollars. Amazon shares jumped to $225 in after-hours trading from a closing price of $195.99

    Read it at Reuters