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Com TW NOw News 2024

Amazon crushed e-commerce and cloud and forecast a strong holiday quarter
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Amazon crushed e-commerce and cloud and forecast a strong holiday quarter

Amazon packages are prepared for delivery at Amazon’s Robotic Fulfillment Center on December 19, 2023 in Sutton Coldfield, England.

Nathan Stirk | Getty Images News | Getty Images

Amazon reported a much better-than-expected third quarter on Thursday, with strong growth in online sales, cloud activities and advertising. Margin initiatives lead to increasing profits. Moreover, the fourth quarter forecast was exactly what was needed to keep investors happy.