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Amazon’s streak of Fire ignites shares

(Reuters) – Amazon.com Inc’s quarterly results beat Wall Street’s most bullish expectations as heavy spending by the world’s largest Internet retailer began to pay off through sales of more digital products on its new Kindle Fire tablet. Amazon shares surged almost 15 percent, increasing the company’s market value by more than $10 billion and boosting the stake of Chief Executive Jeff Bezos by almost $2.5 billion. Analysts cheered first-quarter earnings and revenue which comfortably exceeded their forecasts. …

Quoted from Amazon’s streak of Fire ignites shares on Gadgets News Headlines – Yahoo! News

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