E-commerce giant Amazon’s third-quarter earnings registered a more than 50 percent increase in profits, pushing up its stock price by more than 6 percent in after-hours trading.
Net sales for the third quarter was $158.9 billion, up by 11 percent from the third quarter of 2023, according to an Oct. 31 statement from the company. North American sales grew by 9 percent. Net profits hit $15.3 billion, up by more than 54 percent from $9.9 billion. All business segments saw revenue growth in the third quarter, including online stores, physical stores, third-party seller services, advertising services, subscription services, and Amazon Web Services (AWS).
