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Shares rise as company reports quarterly revenue of $158.9bn – more than analysts had forecast
Amazon became the latest of the “Magnificent Seven” tech giants to report quarterly earnings on Thursday, with all eyes once again on cloud computing and any sign of a return on vast AI investments. Shares in the e-commerce giant rose in after-hours trading.
The company reported revenue of $158.9bn against analyst expectations of $157.2bn, and earnings per share of $1.43, compared to $1.16 expected by Bloomberg analysts.
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