Amazon’s share price climbed as high as $677.74 Friday.

Share story

Amazon’s stock price opened more than 10 percent up Friday after the Seattle tech giant blew past Wall Street expectations in its first quarter earnings Thursday.

Amazon’s stock price opened at $665.55 per share Friday, according to Yahoo Fianance, after closing at $602 per share on Thursday.

The company posted profit nearly double of what analysts expected — $513 million for the quarter, bolstered by its growing cloud-computing business and expansion of subscription service Amazon Prime.

Amazon Web Services, the company’s cloud-computing business, reported its revenue grew 64 percent, as the company continues to invest heavily in the cloud.

Amazon reported revenue of $29.1 billion for the quarter. The stock price shot up as high as $677.74 per share on Friday, and had settled around $660.91 at 7:45 a.m., giving Amazon a market cap of more than $312 billion.

Amazon’s earnings and share price are a bright spot in an otherwise largely dreary market for tech stocks, after several large tech companies reported disappointing earnings for the quarter.

Bellevue-based Expedia was also on the rise Friday. The company’s share price was up nearly 8 percent to $115.49 Friday morning after it reported Thursday that revenue grew 39 percent.