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After-hours rise nearly 6%! Amazon's Q3 profit far exceeds expectations, cloud acceleration growth, next year's capital expenditures may be higher.
Amazon's total revenue in the third quarter exceeded expectations, with EPS soaring by 55%. Despite slightly lower revenue guidance for the year-end holiday shopping season, the profit outlook is bullish, with both cloud business operating margin and overall operating margin hitting new highs. Some analysts suggest that AWS has generated over $100 billion in revenue in the past 12 months for the first time in history. Capital expenditures are expected to be $75 billion this year, up 55% year-on-year, and may be higher in 2025.
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