Watch CBSN Live

Amazon stock soars after earnings exceed expectations

Amazon shares jumped overnight after earnings went beyond the company's own expectations. The stock price gained more than 7 percent in after-hours trading. Amazon just reported $43.7 billion in quarterly sales, up 34 percent from last year. CBS News financial contributor Mellody Hobson joins "CBS This Morning" to discuss what's behind the surge and the online retailer's plan to expand into the pharmacy business.
View CBS News In
CBS News App Open
Chrome Safari Continue
Be the first to know
Get browser notifications for breaking news, live events, and exclusive reporting.