Amazon Stock Pops as Earnings Top Estimates, Driven by AWS Growth
1. AMZN shares rose over 9% post Q3 earnings, setting a new all-time high. 2. Earnings per share of $1.95 exceeded analyst expectations significantly. 3. Revenue increased 13% to $180.2 billion, driven by AWS growth. 4. Fourth-quarter revenue forecast expects $206 billion to $213 billion, above estimates. 5. AMZN plans to lay off 14,000 employees, focusing on AI infrastructure.