Amazon crushed it in e-commerce and cloud, forecast an impressive holiday quarter

Amazon crushed it in e-commerce and cloud, forecast an impressive holiday quarter

Amazon reported a much better-than-expected third quarter Thursday, with strong growth across online sales, its cloud business and advertising. Margin initiatives lead to soaring profits. Additionally, the fourth-quarter forecast was exactly what was needed to keep investors happy. Revenue increased 11% year over year to $158.88 billion, beating expectations for …

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