SEATTLE: Amazon.com reported a stronger than expected rise in Q3 sales and issued a solid forecast for the final months of the year.
But despite upbeat earnings there is evidence of continuing erosion of profit margins - despite which shares leapt by more than 11% in after-market trading Tuesday evening.
Revenues in the latest quarter rose 24% to $2.31 billion (€1.84bn; £1.23bn), bettering analysts' consensus expectation of $2.25bn. Net income, however, fell to $19m from $30m in the year-ago period.
Data sourced from Financial Times Online; additional content by WARC staff