Amazon Swings To Quarterly Profit As North America Sales Grow

Amazon stock is up after the company reported a net income of $92M for its second quarter earlier today.

Amazon swung to a quarterly profit, helped by higher sales in North America and growth in its web services business, sending its shares up 17.5 percent in extended trading. Sales in North America, its biggest market, rose 25.5 percent to $13.8 billion in the second quarter from a year earlier, helped by strong demand for electronics and general merchandise.

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