- Amazon reported strong financial results in the third-quarter that beat analyst expectations, sending shares soaring more than 7 percent in after-hours trading.
- The company recorded a profit of 52 cents per share on $43.7 billion in revenue in the quarter, easily beating average estimates of 3 cents a share on $42.1 billion in revenue.
- Even at its massive size, Amazon still grew revenue 29 percent year over year, not counting the Whole Foods addition nor a $124 million favorable impact from changes in foreign exchange rates.
- The company’s fastest-growing core business continues to be Amazon Web Services, which grew 42 percent year over year and now accounts for 11 percent of the company’s total revenue.
Jason Del Rey / ReCode - 2 years ago