Amazon Reports Strong Q3 Earnings: AWS Income Closes In On North America Retail Business

by Ginny Marvin
Amazon’s stock price surged after hours Thursday after the company released a strong earnings report for Q3 2015 that beat analyst estimates. Net sales increased 23 percent year-over-year to $25.4 billion in Q3, that compares to the 20 percent increase in sales the company reported in Q2 2015. Net income was $79 million in Q3, compared to a quarterly net loss of $437 million a year ago.Read the full article