Amazon Reports Robust Revenue and Profits, Optimistic About Upcoming Holidays

Amazon revealed impressive financial results for the summer quarter, driven by increased online sales and a thriving advertising business. With revenues of $143.1 billion, marking a 13% surge from the previous year, and profits of $9.9 billion surpassing analyst projections, Amazon’s stock soared in after-hours trading. Amazon CEO Andy Jassy attributed their strong quarter to…

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