(CNBC) Shares of Amazon jumped more than 12% on Friday, a day after the company posted stronger than expected second-quarter revenue and gave upbeat guidance. Sales for the three months ending in June grew 7% to $121.23 billion, which was higher than Wall Street’s expected $119.09 billion. It represented Amazon’s third straight quarter of single-digit annual revenue growth.
Amazon shares rally after strong second quarter and guidance
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