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Mohit Oberoi

Amazon Stock Pops After Q3 Beat: Here’s Why It's Still a Strong Buy

Amazon AWS Andy Jassy Amazon.com Inc. Brian Olsavsky Meta Prime Video

Amazon (AMZN) released its Q3 earnings yesterday after the bell, and the stock is popping today, up more than 7% as investors react to better-than-expected revenues and profits. Here are the key takeaways from the report, and why AMZN is still a strong buy.

Amazon reported revenues of $143.1 billion in the third quarter, which was 13% higher than the corresponding quarter last year, and ahead of the $141.4 billion that analysts expected. Revenues were also slightly higher than the top end of Amazon’s guidance.

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