Amazon?s Market Cap Passes $100 Billion

After reporting stronger than expected second quarter earnings yesterday, Amazon has passed $100 billion in market cap this morning. The company's shares are currently trading at around $225 per share, giving the e-commerce giant a $101.81 billion market cap. Amazon's sales for the quarter neared $10 billion, an increase of 51 percent from the same quarter in 2010. Net income decreased 8% to $191 million in the second quarter, or $0.41 per diluted share, compared with net income of $207 million, or $0.45 per diluted share, in second quarter 2010. But despite this decline in net income, Amazon was able to beat analyst expectations.

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