By John Glenday

Online retailer Amazon has surprised on the upside after posting a 23 per cent year-on-year rise in revenues in its latest quarter to $35.71bn, beating consensus forecasts of a figure around the $35.3bn mark.

The news sent Amazon’s share price surging by five per cent as investors digested the news that the company hadn’t just beaten earnings expectations but smashed them after reporting $1.48 per share as opposed to the $1.12 which had been expected.

In pursuit of further growth, Amazon is now turning its sights east in pursuit of large untapped markets.

Revealing the figures, chief executiveJeff<a target=_blank href="http://www.thedrum.com/topics/jeff-bezos" Read full story ›

Source: The Drum