#Amazon quarterly profit triples to $6.3 bn
“#Amazon quarterly profit triples to $6.3 bn”
Amazon said Thursday third-quarter profits tripled from a year ago on strong retail sales during the pandemic and growth in cloud computing.
Profit increased to $6.3 billion in the third quarter compared with $2.1 billion a year ago while revenues jumped 37 percent to $96 billion for the technology and retail colossus.
Shares in Amazon, which saw gains in both retail and its cloud computing, dipped around one percent in after-hours trading following the results.
Amazon Q2 profit edges up 3.6% to $2.6 bn
© 2020 AFP
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Amazon quarterly profit triples to $6.3 bn (2020, October 29)
retrieved 29 October 2020
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