Amazon shares blast to all-time highs

The company's third-quarter earnings report delights investors.

By Motley Fool Investor Beat Oct 25, 2013 2:24PM
Online retailer Amazon.com (AMZN) reported earnings Thursday afternoon, and investors clearly liked what they saw; shares have jumped as much as 10% Friday.

Amazon reported a loss of 12 cents a share, which squared with analysts' estimates. Revenue came in at $17 billion, which was up a staggering 24% year over year. Amazon added 9 million more customer accounts in the quarter, for a total of 224 million active accounts. Amazon also grew sales both domestically and internationally.

Motley Fool analyst David Meier applauds this quarter, and believes investors have a lot to be happy about. While Amazon's market cap is now nearly $170 billion, David expects that there will still be more growth for this company going forward. Amazon.com logo © Spencer Platt/Getty Images

Online retail accounts for less than 10% of consumer spending, so there's plenty of runway for Amazon. Additionally, Amazon historically reinvests nearly all its cash in the business itself, a sure sign of a company with the long term in mind.

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Tags: AMZN
1Comment
Oct 25, 2013 8:27PM
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Amazon is doing really well and it's a much better buy then ARM or Apple.
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