Amazon’s quarterly financial results on Thursday surpassed analyst expectations, powered by strong revenue growth and record operating income in the company’s $110 billion cloud-computing business, sending its stock soaring as much as 6% in after-hours trading.
For the quarter, Amazon generated $1.43 in earnings per share on $158.9 billion in overall revenue, beating average analyst estimates of $1.14 per share and $157.2 billion, respectively. But it was Amazon Web Services, the company’s cloud-computing business—which has become a major growth driver, particularly in the AI era—that really stood out in the fiscal third-quarter results.
