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1/30, 10:21 PM (Source: TeleTrader)
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Amazon market cap surpasses $1T on strong earnings

Amazon.com Inc.'s stock market value jumped over $1 trillion following strong quarterly earnings.

The e-commerce giant reported its revenue jumped 21% to $87.4 billion in the fourth fiscal quarter of 2019, while net income rose 10% in the same period. For the full year, revenue was up 20%, while net income increased 15%.

Amazon first crossed the threshold in August 2018, becoming the second company to do so after Apple Inc.

Breaking the News / MD