Amazon Stock Pops As Q3 Tops Forecasts: AWS Strong, $1.8 Billion In Severance Costs, Shout Out To ‘The Summer I Turned Pretty'

Amazon shares jumped 10% as the company’s third quarter numbers beat Wall Street forecasts on the top and bottom lines by a lot and by even more for the closely watched Amazon Web Services, or AWS, division. Revenue rose 13% to $180 billion for the September quarter and  jumped 20% at AWS. Total net income per share of $1.95 was a big beat including gains from investments in Anthropic. Operating income was flat at $17.4 billion including $2.5 billion FTC settlement and a $1.8 billion in estimated severance ...