Amazon (AMZN, Financial) saw its stock rise over 5.7% in pre-market trading, reaching $197.05. The company reported impressive third-quarter financial results, with net sales increasing by 11% year over year to $158.9 billion, surpassing the market expectation of $157.29 billion.
Operating profit grew by more than 55% to $17.4 billion, significantly exceeding both market expectations of $14.75 billion and the upper limit of the company's guidance range of $15 billion. Additionally, earnings per share were reported at $1.43, compared to the market forecast of $1.14.
Amazon Web Services (AWS), the company's cloud business, also performed well, with revenue growing 19% year over year to $27.45 billion. The operating profit margin for AWS increased from 35.5% to 38.1%, setting a new record for this segment.
