Amazon Shares Surge In Pre-Market As Q3 Earnings Beat Expectations
Portfolio Pulse from Benzinga Neuro
Amazon's Q3 earnings exceeded expectations, with net sales of $158.9 billion and EPS of $1.43, leading to a 6.77% rise in pre-market trading. The company anticipates strong Q4 growth.
November 01, 2024 | 11:48 am
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Amazon's Q3 earnings report showed net sales of $158.9 billion and EPS of $1.43, both surpassing expectations. This led to a 6.77% rise in pre-market trading. The company also provided strong guidance for Q4.
Amazon's better-than-expected Q3 earnings and strong guidance for Q4 are likely to positively impact its stock price in the short term. The significant rise in pre-market trading reflects investor confidence.
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