Amazon's Q3 earnings beat expectations, shares surge 7% with revenue and AWS growth

From CNBC: 2024-11-01 12:29:38

Amazon shares surged 7% after reporting better-than-expected earnings. Revenue increased 11% to $158.9 billion, with earnings of $1.43 per share. Amazon Web Services revenue grew 19% to $27.4 billion. Capital expenditures rose 81% to $22.62 billion, with plans to spend $75 billion in 2024. Advertising sales expanded 19% to $14.3 billion.



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