Amazon reports higher sales and earnings for 3Q, helped by strong customer spending
Update: 2025-10-30
Description
Amazon's Q3 results show a significant increase in profit and sales, with net income of $21.12 billion and sales of $182.2 billion, both surpassing last year's figures. The cloud computing division outperformed expectations, while the company remains cautious about the next quarter due to economic uncertainties and tariffs. Amazon announced job cuts of 14,000 corporate positions, focusing on AI investment and cost-saving measures. Despite these changes, Amazon remains a dominant player in the retail market, with analysts closely watching how shoppers respond to rising prices and tariffs during the holiday season.
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