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Amazon Earnings Surpass Expectations

By Paris Martineau
· · Source: The Information

Buoyed by the surge in online shopping from homebound consumers, Amazon reported another profitable quarter late Thursday. The e-commerce giant’s sales increased 37% to $96.1 billion in the third quarter, up 36% from the year prior. The company reported net income of $6.3 billion, or $12.37 per share. That is three times the $2.1 billion it earned in the year-ago quarter. Analysts polled by...

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