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Amazon's shares hit an all-time high this evening in after-hours trading, as it surprised Wall Street by revealing profits more than doubled, instead of dipping as analysts had forecast.
The online retailer's shares were up more than 6pc in extended trading, meaning it is poised to become the second largest US company by value, behind Apple, once US markets open.
Its revenues topped analyst expectations for the first quarter, up 43pc to $51bn (£37bn) and net income came in at $1.6bn compared with $724m a year earlier.
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