Business
Amazon Reports Q3 Revenue and Earnings Miss Despite Strong AWS Growth
The tech and retail giant posted $201.94 billion in quarterly revenue while Amazon Web Services surged 39 percent.
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The tech and retail giant posted $201.94 billion in quarterly revenue while Amazon Web Services surged 39 percent.
Amazon's stock declined in extended trading after the company forecast revenue below Wall Street estimates and reported heavy capital expenditures tied to artificial intelligence.
Despite robust cloud-computing performance driven by Amazon Web Services, the Seattle tech giant fell short of Wall Street expectations.