Someday

23 Jul 2015 By Robert Cyran Follow @rob_cyran

Investors cheered as Jeff Bezos’ burgeoning web services business helped Q2 sales grow 20 pct. Flat capex meant free cash flow ballooned despite wafer-thin profit margins. Amazon, now the world’s most valuable retailer at $264 bln, just has to live up to its potential.

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Amazon on July 23 reported revenue of $23.2 billion for the second quarter, an increase of 20 percent from the same period last year. The internet retailer earned $92 million, or 19 cents per share. It lost $126 million, or 27 cents per share, in the second quarter last year.

The company’s stock rose more than 16 percent in late trading, giving the firm a market capitalization above $260 billion. Wal-Mart Stores’ market capitalization was $234 billion at the close of normal trading on July 23.

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