Amazon holiday sales jump as one-day shipping pays dividends, stock up 13 per cent

//Amazon holiday sales jump as one-day shipping pays dividends, stock up 13 per cent

Amazon holiday sales jump as one-day shipping pays dividends, stock up 13 per cent

Amazon.com on Thursday posted holiday quarter results well above expectations as the expansion of its one-day shipping program came under budget and membership in its Prime loyalty club notched a 50 per cent rise in two years.Shares soared as much as 13 per cent in after-hours trade, putting the online retailer back in the US$1 trillion market capitalisation club. If the share gain holds on Friday, it will be the biggest daily jump for Amazon since October 2017.Amazon also forecast operating…

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By | 2020-01-31T01:33:43+00:00 January 31st, 2020|Business|Comments Off on Amazon holiday sales jump as one-day shipping pays dividends, stock up 13 per cent