Amazon Results Show New Spending Splurge Paying Off; Shares Jump
- Prime subscriptions top 150 million, showing overseas growth
- E-commerce, cloud giant on course for $1 trillion valuation
This article is for subscribers only.
Amazon.com Inc. is back in fashion with investors.
Concern about the cost of Amazon’s one-day delivery pledge lingered after a busy holiday period, holding the stock back while shares of rivals including Microsoft Corp., Google and Apple Inc. all rallied. That abruptly changed Thursday when Amazon reported results that crushed Wall Street estimates.