4/27/2018, 3:36 PM (Source: TeleTrader)
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Amazon shares hit all-time high

Retail and cloud computing giant Amazon's shares soared on the opening bell on Friday, hitting an all-time high. The company's stock jumped almost 8%, rising to $1,638.10.

The e-commerce platform yesterday reported its diluted earnings per share in the first quarter of 2018 were $3.27, significantly above analyst projections, on net income of $1.6 billion.

Meanwhile, the tech giant announced last evening it would raise its yearly subscription fee for an Amazon Prime membership from $99 to $119.

Breaking the News / BM