30-01-2020 23:32 via ocregister.com

Prime stock: Amazon’s now worth $1 trillion

Amazon’s stock market value surpassed $1 trillion after the e-commerce reported a better-than-expected holiday season.
The Seattle-based company reported Thursday, Jan. 30, net income of $3.27 billion, or $6.47 per share, in the three months ending in December. That was up from $3.03 billion, or $6.04 per share the year before. Analysts were expecting earnings of $4.04 per share in the latest quarter, according to research firm FactSet.
Revenue jumped 21% to $87.44 billion, also beating ex
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