Reported 26 days ago
Amazon's stock surged by 6% following a robust Q3 earnings report, with an earnings per share of $1.43 and revenue of $158.9 billion, surpassing analyst expectations. The company forecasts Q4 revenue between $181.5 billion and $188.5 billion, driven by strong performance in its cloud services and advertising. Amazon plans to significantly increase capital expenditures, particularly in generative AI, indicating a strategic shift towards enhancing its technological capabilities for future growth.
Source: YAHOO