Amazon beats expectations as stock surges after strong earnings report

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Amazon beats expectations as stock surges after strong earnings report
Photo: Michel Euler/AP/TT

Total revenue was $200.61 billion, compared with expectations of $196.47 billion.

The report showed earnings per share of $5.75.

Amazon's cloud services segment, AWS, saw growth of 37 percent during the quarter, compared with the same period last year. Expectations were 31 percent, according to CNBC.

The stock is up more than 8 percent in after-hours trading.

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By TT News AgencyEnglish edition by Sweden Herald, adapted for our readers

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