Shares of the online retailer and cloud major rose about 5% in extended trading.
Amazon Web Services brought in revenue of $23.1 billion, compared with analysts’ expectations of $23.09 billion.Analysts on average expected revenue of $141.41 billion, according to LSEG data.
Amazon — whose CEO is Andy Jassy — forecast Q4 revenue in the range of $160 billion and $167 billion.CEO Andy Jassy’s company forecast current-quarter revenue in the range of $160 billion and $167 billion.
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