Amazon’s Post-Market Rally Adds the Equivalent of UPS in Value

(Bloomberg) -- Amazon.com’s earnings rally has added more than $110 billion to the e-commerce giant’s market in extended trading Thursday.

By comparison, United Parcel Service’s entire market capitalization was less than $93 billion at the close.

At one point, Amazon’s climb even rivaled IBM’s total market , before the company known as Big Blue announced a new chief executive, producing its own post-market rally.

Amazon shares were up 12 percent as of 4:44 p.m. to $2,103.44 on after-hours volume of 2.3 million shares.

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Amazon’s Post-Market Rally Adds the Equivalent of UPS in Value