The seemingly insatiable appetite of US consumers for online shopping is powering Amazon to new heights.
The e-commerce giant reported a 37% jump in revenue for the third quarter, to $96.1bn, with operating income soaring to $6.2bn, up 93.7% year on year, while net income shot up 200% to $6.3bn.
And parcel firms riding the e-commerce wave are also showing strong balance sheets.
UPS, which reported its latest quarterly figures on Wednesday, trumpeted …
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Source: The Loadstar
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