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Amazon Shatters Earnings Predictions

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Shares rise 15 percent on news.

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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

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