YESTERDAY WAS A good day for anyone who owns a piece of Amazon.
Similarly, Google’s (GOOGL) stock climbed more than 11 percent last week in extended trading after the company posted quarterly earnings of $6.99 per share on $17.73 billion in revenue.
MSCI’s broadest index of Asia-Pacific shares outside Japan was down about 1 percent in early trading, on course for a weekly loss of more than 2 percent – one of the biggest slides this year. Revenue rose to $23.185 billion from $19.34 billion, blowing past analysts’ expectations.
Operating cash flow increased 69% to $8.98 billion for the trailing twelve months, compared with $5.33 billion for the trailing twelve months ended June 30, 2014. Forbes reported on Tuesday that Bezos gained $7 billion after the earnings report, helping him leapfrog Oracle CEO Larry Ellison to become the fifth-richest person in the world with a net worth of $50.3 billion, according to Forbes’ data.
Bezos founded Amazon in 1994.
However Amazon is also facing probes in the EU over whether it shut out rival e-book sellers with anti-competitive contracts, as well as for its tax dealings with Luxembourg.