Reported 26 days ago
Amazon's stock surged 6% following a strong third quarter earnings report that exceeded Wall Street expectations, with revenue of $158.9 billion and earnings per share of $1.43. The company anticipates fourth quarter revenue between $181.5 billion and $188.5 billion, while also projecting significant capital expenditures for AI investments. Analysts noted that Amazon's higher operating margin of 11% contributed to the positive stock movement, highlighting the company’s ability to leverage various business segments to enhance profitability.
Source: YAHOO