Amazon shares hit another record on strong sales data

Amazon.com shares hit another record on Thursday after e-commerce firm ChannelAdvisor Corp released strong online sales data.

ChannelAdvisor reported that client sales on Amazon.com jumped 30.6 per cent in June, compared with the same month last year. That year-over-year growth rate was up from May’s rate of 25.8 per cent.

“The 30.6 per cent reading for June was above our expectations,” said Shawn Milne, an analyst at Janney Capital Markets, who was expecting growth of 20 per cent to 25 per cent.

via Business feed http://www.scmp.com/business/money/markets-investing/article/1280922/amazon-shares-hit-another-record-strong-sales-data