Wednesday, July 25, 2007

Amazon goes through the roof!

Great news for Amazon was released today, Amazon reported its quarterly earnings at $78 million, or 19 cents per share, from $22 million, or 5 cents per share during the same period last year. Sales jumped 35 percent to $2.88 billion from $2.14 billion in the year-ago quarter.

In what is considered by many to be a sluggish consumer economy that is very awesome performance which of course made Amazon's stock prices go through the roof today, up $18.19, or 26.2 percent, to close at $87.44.

No comments: