Online giant Amazon's shares have closed 9.8% higher after it posted an unexpected profit on Thursday.
The online retailer reported a $92m profit for the three months to 30 June, surprising investors who had expected another loss. Sales rose by 20% to almost $23.2bn.
The results sent shares in Amazon up 9.8% to $529.42, making it worth $246.5bn.
The company's stock has risen by 78% since the start of the year.
Amazon has not ofteOnline giant Amazon's shares have closed 9.8% higher after it posted an unexpected profit on Thursday.
The online retailer reported a $92m profit for the three months to 30 June, surprising investors who had expected another loss. Sales rose by 20% to almost $23.2bn.
The results sent shares in Amazon up 9.8% to $529.42, making it worth $246.5bn.
The company's stock has risen by 78% since the start of the year.