Amazon Stock Soars 13% After Q3 Earnings Beat

Amazon stock witnessed a significant surge of 13%, reflecting strong performance in its third quarter (Q3) financial results. Revenue reached $180.2 billion, a year-over-year increase of 13%. This boost comes as Amazon’s Q3 earnings exceeded analyst expectations. The company’s robust growth is attributed to a variety of factors, including expansion into new markets and strategic investments by CEO Andy Jassy.