Amazon Reports Strong Q3 Results Amid Market Volatility

Amazon reported robust third-quarter results, with net sales of $158.9 billion, an 11% increase from the previous year, surpassing Wall Street expectations of $157.2 billion. The company's earnings per share grew to $1.43, also exceeding forecasts. Key growth drivers include Amazon Web Services (AWS) and advertising, both of which saw a 19% revenue increase, contributing significantly to the overall performance. Amazon projected strong fourth-quarter sales between $183.5 billion and $188.5 billion, indicating optimism for the holiday season. Despite a regular session decline, Amazon's stock surged approximately 6% in after-hours trading, reflecting investor confidence in the company's strategic focus on cloud computing and advertising expansion. This positive performance comes amidst broader market volatility, where tech stocks have been generally under pressure.