Amazon Stock Rallies After Profit and Revenue Beat Expectations

Revenue of $143.1 billion, vs. analysts’ expectations of $141.5 billion. The company had guided investors toward a range of $138 billion to $143 billion.

Net income of $9.88 billion vs. an expected $6.05 billion.

Amazon Web Services revenue rose 12% on the year to $23.1 billion.

The company guided for fourth-quarter sales of $160 billion to $167 billion. Analysts were looking for $167.1 billion.

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