The Traderszone Network

Published in TZ Latest News 26 July, 2015 by The TZ Newswire Staff

Amazon posts anomalous profit, Wall Street swoons

Investor enthusiasm for Amazon.com Inc (AMZN.O) is pretty consistent: the stock tends to rise, even though the company isn’t consistent about making profits.    On Thursday it posted second quarter profit of $92 million on sales of $23.19 billion, only its third quarterly profit since the first quarter of 2014. Amazon has reported an annual net profit in 10 of its 18 years as a public company, and only twice in the last four years.