Amazon.com Inc. more than doubled its profit in an announcement on Thursday and predicted strong spring results as the world's biggest online retailer raised the price for U.S. Prime subscribers, added U.S. football games and touted its cloud services for business.
The results showed the broad strength of the company, which has been expanding far beyond shipping packages — the business that has drawn the ire of U.S. President Donald Trump.
The forecast beat expectations on Wall Street, sending shares up 7 percent to a new record high in after-hours trade and adding $8 billion to the net worth of Jeff Bezos, Amazon's chief executive and largest shareholder.