Amazon Frankfurt-listed shares surge, Apple slides after results

Amazon shares surged on Friday in Frankfurt trading after the company issued an upbeat outlook for the third quarter, while Apple’s German-listed shares fell after the company forecast a continued slide in sales.

Amazon jumped 8.5% on the German market, echoing the steep rise in extended U.S. trading on Thursday after the company reported sales growth and profit that beat Wall Street’s expectations, thanks to faster, cheaper deliveries to customers and to the recent headwinds in cloud-computing beginning to subside.