SEATTLE (AP) _ Amazon.com Inc. (AMZN) on Thursday reported second-quarter earnings of $5.24 billion.
The Seattle-based company said it had profit of $10.30 per share.
The results surpassed Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of $1.74 per share.
The online retailer posted revenue of $88.91 billion in the period, also beating Street forecasts. Thirteen analysts surveyed by Zacks expected $81.56 billion.
Amazon shares have increased 65% since the beginning of the year, while the Standard & Poor's 500 index has stayed nearly flat. In the final minutes of trading on Thursday, shares hit $3,051.88, a rise of 61% in the last 12 months.