(Reuters) - Shares of Amazon.com Inc rose 16 percent in premarket trading on Friday, after the world's largest Internet retailer reported a surprise increase in gross margins, prompting a slew of price target increases by analysts.
Shares of Amazon.com Inc rose 16 percent in premarket trading on Friday, after the world's largest Internet retailer reported a surprise increase in gross margins, prompting a slew of price target increases by analysts.
Exxon Mobil Corp, the world’s largest publicly traded oil company, on Friday reported a higher-than-expected 6% increase in quarterly profit on stronger results at its chemical and refining businesses.
The Irving, Texas company said profit in the fourth quarter was $9.95 billion, or $2.20 per share, compared with $9.4 billion, or $1.97 per share, in the same period a year earlier.
Analysts on average expected a profit of $2.00 per share, according to Thomson Reuters I/B/E/S.
SAN FRANCISCO (Reuters) - Amazon.com Inc said on Tuesday that fourth-quarter revenue jumped 22 percent to $21.27 billion as the world's largest Internet retailer grabbed a big share of online spending during the crucial holiday period.
Amazon.com Inc reported quarterly results on Thursday that showed the growth of new businesses is boosting the profit margins of the world's largest Internet retailer. Shares of the company rose 1.6 percent ...
Amazon is working on package-delivering drones. The company calls the product Amazon Prime Air, and says it could be in operation by 2015, depending on the FAA. 60 Minutes's Charlie Rose broke the news about Amazon Prime Air last night in an interview with Amazon CEO Jeff Bezos. The segment is 15 minutes long, and it begins looking at what Amazon is currently up to – new fulfillment centers, Amazon Web Services, Kindles, high-end fashion, and producing original TV series.
Online retail titan Amazon.com saw its stock price soar after the release of quarterly earnings figures that trounced forecasts, with sales skyrocketing in the first three months of the year.Sales rose 34 percent to $13.18 billion while net income sank about the same percentage to $130 million when compared to the same quarter last year, the Seattle, Washington-based firm reported.Amazon said that it continued to invest in digital television shows, films, and books for its "Prime" online service or hot-selling Kindle e-readers.
The number of young Internet addicts in China soared to 24 million last year as the world's largest web population exploded, according to a survey carried by state media Wednesday.The number of young addicts almost doubled from 2005 and now accounts for one in seven young Internet users, according to the poll conducted by the China Youth Association for Network Development.More than 7,000 people aged six to 29 were polled about their Internet habits in 30 provinces, municipalities and regions, the China Daily reported.