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

By Jeffrey Dastin and Akanksha Rana (Reuters) - Amazon.com Inc 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% rise in two years. Shares soared 13% in after-hours trade, putting the online retailer back in the $1 trillion market capitalization club. If the share gain holds on Friday, it will be the biggest daily jump for Amazon since October 2017.

The post Amazon holiday sales jump as one-day shipping pays dividends, stock up 13% appeared first on Firstpost.

from Firstpost