Lates News

Amazon's (AMZN.O) third-quarter financial report exceeded expectations, and after hours trading of US stocks surged by 11%. The report showed that Amazon's EPS for the quarter was $1.95, higher than the Wall Street consensus of $1.57. This quarter's earnings included investment gains from the artificial intelligence startup Anthropic; revenue for the quarter reached $180.2 billion, surpassing analysts' expectations of $177.9 billion. The cloud computing department AWS, which has been closely watched, had revenue of $33 billion, higher than the market expectations of $32.5 billion. Amazon expects revenue for the current quarter to be between $206 billion and $213 billion, with the market average expectation at $208.4 billion. Amazon CEO Andy Jassy stated, "The continued strong demand in artificial intelligence and core infrastructure areas show the company's focus on accelerating capacity expansion."