Amazon stock rises after beating Q3 estimates with $143.1B in revenue, $9.9B in profits

BREAKING NEWS

Amazon shares were up more than 5% in after-hours trading Thursday after the Seattle tech giant beat expectations for its third quarter, reporting $143.1 billion in revenue and $9.9 billion in profits.

Amazon’s cost-cutting moves over the past year, including thousands of layoffs and optimization of its fulfillment network, appear to be helping improve the company’s bottom line.

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