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Amazon shares pop on earnings beat, cloud growth

Amazon shares pop on earnings beat, cloud growth

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Amazon CEO Andy Jassy speaks at the Bloomberg Technology Summit in San Francisco on June 8, 2022.

David Paul Morris | Bloomberg | Getty Images

Amazon reported better-than-expected results for the third quarter on Thursday, sending the company’s stock up more than 6% in extended trading.

Here are the results.

  • Earnings: $1.43 vs $1.14 per share expected by LSEG
  • Revenue: $158.88 billion vs $157.2 billion expected by LSEG

Wall Street is also watching several other numbers in the report:

  • Amazon Web Services: $27.4 billion vs. $27.5 billion expected, according to StreetAccount
  • Advertising: $14.3 billion vs. $14.3 billion expected, according to StreetAccount

This story is developing. Check back for updates.



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