Amazon up 17.8% premarket after earnings late Thursday

[GarrettKimmel]

Amazon (AMZN, Tech30) shares bolted up by about 18% in extended trading after it released better-than-expected earnings on Thursday.

If the shares hold onto those gains at the open, Amazon's market capitalization could trounce Wal-Mart's (WMT), making it the biggest retailer by value in the world.

 

[nursebee]

I do not have an answer to the poll, do not follow old growth...

 

[Vincent S. Ashmore]

Based on the after-hours spike, Amazon's market cap is now worth about $264 billion. Wal-Mart is worth $233.5 billion.

Looked at another way, Amazon grew by about $36 billion in the first half hour after its earnings crossed. For comparison, Twitter's market cap is $23.5 billion.

 

[Sotnis]

How is market cap really relative to a company's performance? I prefer to look at operating earnings and revenues. What if we compare Amazon to Walmart now with these indicators, huh?

 

[Vincent S. Ashmore]

"What if we compare Amazon to Walmart now with these indicators, huh?" Nothing really changed. It is just nice news for AMZN holders =)