Companies

Amazon shares hit a record high! Market cap is close to $ 1.06 trillion

The e-commerce giant Amazon (NASDAQ: AMZN) shares rose more than 2% in early trading in the US stock market on Monday, hitting a record high.

As of press time, Amazon’s stock rose 2.11% to $ 2,123.15, after previously hitting a high of $ 2,217.61. According to data provided by Yahoo Finance Channel, this means that the company’s market value has reached $ 1.057 trillion.

Earlier, Amazon announced the company’s fourth quarter fiscal 2019 financial results at the end of January. This financial report shows that Amazon’s fourth-quarter net sales were US $ 77.4 billion, an increase of 21% compared to US $ 72.4 billion in the same period last year.

The effect of excluding currency changes was also a year-on-year increase of 21%, exceeding analyst expectations; Net profit was $ 3.3 billion, compared to $ 3 billion in the same period last year, an increase of 8% year-on-year; diluted earnings per share were $ 6.47, compared to $ 6.04 in the same period last year; it also exceeded analyst expectations. (nebula)

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