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via finance.yahoo.comMarkets

Amazon's Q3 profit and sales miss estimates, but AWS growth is strong

FROM THE WIRE · FINANCE.YAHOO.COM

NEW YORK (AP) — Amazon delivered fiscal third-quarter profits and net sales that came below Wall Street analysts' expectations but posted strong growth in its prominent cloud computing unit. The Seattle-based company also offered on Thursday a cautious outlook for the company's…

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MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bearishA mega-cap missing estimates with a cautious outlook can move the broader tech sector.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01AWS sales grew 39.3%, the fastest pace in nearly five years.
  2. 02Net income was $20.69 billion, or $1.89 per share.
  3. 03Shares fell more than 6% in after-hours trading.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Amazon.com, Inc.AMZNStock240.71 USD-1.26%today -1.26%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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