Amazon's Q3 earnings impress analysts, stock soars

Amazon's shares surged over 6% after the company reported better-than-expected third-quarter earnings, with revenue rising 13% to $143.1 billion and net income more than tripling to $9.9 billion. CEO Andy Jassy's cost-cutting efforts, including layoffs and expense trimming, have contributed to the company's improved operating margin of 7.8%. Analysts praised Amazon's performance, highlighting its margin profile, AWS acceleration, and positive signs for growth. Despite some lingering questions, Goldman Sachs analysts considered the report a "beat across the board" and believe Amazon's risk vs. reward remains heavily skewed in a positive direction.