Amazon Is Now Worth More Than Walmart

The company is now worth more than Walmart, after adding about $40 billion in market value in frenzied trading following quarterly results.

Analysts were expecting $22.4 billion in sales. It also reported a $92 million profit, equal to $.19 per share, while analysts were expecting a loss of $.14 per share.

ANDREW YATES / Getty Images

At $550 a share, the company is trading at an all-time high, valued at about $266 billion — $40 billion higher than before the results were released. That means in a brief frenzy of post-earnings trading, Amazon added more to its market capitalization than the entire value of eBay.

It also puts Amazon comfortably ahead of Alibaba, it's Chinese rival, which is valued at $210 billion. And it means Amazon is now worth more than Walmart, which has a market cap of $234 billion.

Mike Segar / Reuters

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