Amazon shares rallied 11% in afternoon trading Friday, a day after the company reported blowout second-quarter earnings and issued upbeat guidance.

Shares of Amazon are on pace for their best day since Nov. 10, 2022, when the stock skyrocketed 12%.

The e-retailer easily beat on the top line, reporting earnings of 65 cents per share versus a Refinitiv consensus estimate of 35 cents a share. Amazon notched its biggest profit beat since 2020, boosted by CEO Andy Jassy’s aggressive cost-cutting efforts.

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