You are here

Amazon shares soar on surprise profit

Online retailer forecasts third-quarter revenue above estimates and reports strong sales in North America

MORE TO OFFER: Sales in North America, the firm's biggest market, rose 25.5 per cent to US$13.8 billion in the second quarter from a year earlier.

San Francisco

AMAZON.COM Inc shares surged more than 17 per cent on Thursday as the online retailer posted an unexpected quarterly profit, pushing its market value above that of Walmart, the world's largest retailer.

Amazon also forecast third-quarter revenue above estimates, and...