Amazon CEO Andy Jassy speaks at the Bloomberg Technology Summit in San Francisco on June 8, 2022.
- Amazon reported a beat on the top and bottom line for the third quarter.
Amazon reported better-than-expected earnings and revenue for the third quarter, driven by growth in cloud computing and advertising. The stock ticked higher in extended trading.
WATCH ANYTIME FOR FREE
 |
Stream NBC10 Boston news for free, 24/7, wherever you are. |
Here are the results.
- Earnings: $1.43 vs $1.14 per share expected by LSEG
- Revenue: $158.88 billion vs $157.2 billion expected by LSEG
Get updates on what's happening in Boston to your inbox. Sign up for our News Headlines newsletter.
Wall Street is also watching several other numbers in the report:
- Amazon Web Services: $27.4 billion vs. $27.5 billion expected, according to StreetAccount
- Advertising: $14.3 billion vs. $14.3 billion expected, according to StreetAccount
In cloud, Amazon Web Services revenue was in line with consensus estimates, but it's growing faster than the same period last year. Sales grew 19% year over year during the quarter, compared to a year ago, when sales accelerated just 12%.
Money Report
This story is developing. Check back for updates.
Copyright CNBC
