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July 24, 2015

Amazon shares jump on 2Q surprise

By MAE ANDERSON
AP Tech Writer

NEW YORK — Amazon.com reported a surprise second-quarter profit Thursday on continued strength of its cloud-computing business and strong revenue both domestically and abroad.

Shares jumped 18 percent as the results bucked Amazon's long-time strategy of investing the money it earns back into the company, resulting in quarterly losses or thin profits.


 
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