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Amazon report surprise profit and better-than-expected sales figures

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Amazon report surprise profit and better-than-expected sales figures
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Delivering the kind of results Wall Street is looking for. That was one commentator’s response to Amazon’s surprise profit and better-than-expected sales figures.

The online retail giant reported a 92 million dollar profit in stark contrast to the 126 million dollar loss for the same period one year ago.

Sales figures showed a 20 percent rise in the second quarter to 23.2 billion dollars.

Profits surged more than 18 percent in after hours trading on Wall Street.

Amazon was also upbeat on its prospects for the current third quarter, forecasting sales growth between 13 and 24 percent compared to last year.