Amazon shares soar as earnings beat expectations

Amazon's latest delivery option will allow for in-home delivery. Nathan Rousseau Smith (@FantasticMrNate) has the story.

NEW YORK - Shares of Amazon soared Thursday after the online retailer posted earnings that far surpassed Wall Street expectations.

The Seattle-based company reported net income of $256 million, or 52 cents per share, in the three months ending Sept. 30, above the 2 cents per share analysts had expected, according to FactSet. Revenue rose 34 percent to $43.47 billion, beating the $41.58 billion analysts expected.

Amazon.com Inc. shares, which are already up 30 percent this year, rose nearly 8 percent to $1,047.73 in after-hours trading.

The company, which is on the hunt for a second headquarters, also touted the results from its home devices. The results come a day after it announced a service called Amazon Key that will let people get their packages delivered to inside their doors.

© 2017 KING-TV


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