Amazon’s third-quarter results exceeded expectations, with sales growing 12% to $180.2 billion. Operating margin was 9.7%. The stock is now valued at $260 per share, up from $245. AWS saw strong growth at 20% year over year. Guidance for revenue and profitability looks positive over the next 18 months.

Read more at Morningstar: Amazon Earnings: AWS Acceleration Leads the Way in Overall Good Results