Reuters: Hot Stocks: UPDATE 1-Amazon shares jump after quarterly results

Reuters: Hot Stocks Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

UPDATE 1-Amazon shares jump after quarterly results Jan 29th 2013, 21:15 Tue Jan 29, 2013 4:15pm EST SAN FRANCISCO Jan 29 (Reuters) - Amazon.com Inc shares jumped almost 7 percent on Tuesday after the world's largest Internet retailer reported quarterly results. The company said fourth-quarter revenue jumped 22 percent to $21.27 billion as it grabbed a big share of online spending during the crucial holiday period. The Seattle-based company also reported net income of $97 million, or 21 cents a share in the fourth quarter, compared with $177 million, or 38 cents a share in the same period a year earlier. Operating income jumped 56 percent to $405 million in the fourth quarter, compared with $260 million in the fourth quarter of 2011, Amazon also said. Amazon shares climbed 6.8 percent to $278 in after-hours trading following its results. (Reporting By Alistair Barr; Editing by Bernard Orr)

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions