(Bloomberg) — Amazon.com Inc. reported a strong holiday quarter, calming Wall Street’s concerns that the company was headed for a slowdown.
Most Read from Bloomberg
Profit beat expectations, helped by the cloud-computing division, and investors cheered a price hike for the company’s Prime subscription service. The shares jumped as much as 19% in extended trading.
The reaction highlights the importance of Amazon’s diversification from its e-commerce roots. Online store sales actually…
Source link
