Jeff Bezos, founder and CEO of Amazon, pictured on Oct. 2, 2019.

Elif Ozturk | Anadolu Agency | Getty Images

(This story is for CNBC Pro subscribers only). 

Several major Wall Street analysts predicted that Amazon‘s stock would jump by more than 30% after the e-commerce giant smashed expectations for its second quarter on Thursday night.

The company reported $10.30 in earnings per share and $88.91 billion of revenue for the quarter, easily topping consensus estimates on both fronts. 

The stock has already been a big winner for investors this year, rising more than 60% as the pandemic put a premium on online shopping and delivery services. Shares rose sharply after the earnings results were announced, gaining about 5.9% in premarket trading after closing Thursday’s session at roughly $3,052. 

Originally published at CNBC

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