Amazon reported better-than-expected earnings and revenue for the third quarter, driven by growth in its cloud computing and advertising businesses. The stock ticked about 5% higher in extended trading.
Here are the results.
- Earnings: $1.43 vs $1.14 per share expected by LSEG
- Revenue: $158.88 billion vs $157.2 billion expected by LSEG
- Amazon Web Services: $27.4 billion vs. $27.5 billion expected, according to StreetAccount
- Advertising: $14.3 billion vs. $14.3 billion expected, according to StreetAccount