{"id":49260,"date":"2025-10-30T20:12:00","date_gmt":"2025-10-31T01:12:00","guid":{"rendered":"https:\/\/ustower.net\/?p=49260"},"modified":"2025-10-31T02:14:21","modified_gmt":"2025-10-31T07:14:21","slug":"amazon-shares-rise-amid-buoyant-earnings-report","status":"publish","type":"post","link":"https:\/\/ustower.net\/?p=49260","title":{"rendered":"Amazon shares rise amid buoyant earnings report"},"content":{"rendered":"\n<p class=\"has-medium-font-size\">Oct. 30 (UPI) &#8212;&nbsp;<a href=\"https:\/\/www.upi.com\/topic\/Amazoncom\/\">Amazon<\/a>&nbsp;reported third-quarter earnings that exceeded expectations, which prompted a 13% rise in its share value during after-hours trading on Thursday.<\/p>\n\n\n\n<p class=\"has-medium-font-size\">The Seattle-based tech firm credited its cloud-based services for exceeding third-quarter estimates.<\/p>\n\n\n\n<p class=\"has-medium-font-size\">&#8220;You&#8217;re going to see us continue to be very aggressive in investing in capacity because we see the demand,&#8221; Amazon Chief Executive Officer Andy Jassy told analysts on Thursday,&nbsp;<a href=\"https:\/\/finance.yahoo.com\/news\/amazon-q3-earnings-beat-on-top-and-bottom-lines-as-aws-growth-sends-stock-higher-155934360.html\">as reported by Yahoo! Finance<\/a>.<\/p>\n\n\n\n<p class=\"has-medium-font-size\">Amazon reported $180.17 billion in revenues, which is more than $3 billion higher than analysts&#8217; estimates of $177.8 billion,&nbsp;<a href=\"https:\/\/www.cnbc.com\/2025\/10\/30\/amazon-amzn-q3-earnings-report-2025.html\">CNBC reported<\/a>.<\/p>\n\n\n\n<p class=\"has-medium-font-size\">Amazon also said earnings per share were $1.95, which is 38 cents more than the estimated $1.57.<\/p>\n\n\n\n<p class=\"has-medium-font-size\">The firm&#8217;s Amazon Web Services also posted a better-than-expected amount of $33 billion, compared to an estimated $32.42 billion, and Amazon reported $17.7 billion in ad revenue versus the expected $17.34 billion, StreetAccount reported.<\/p>\n\n\n\n<p class=\"has-medium-font-size\">The tech firm&#8217;s cloud unit also exceeded expectations with a20.2% growth in revenue against an anticipated growth of 18.1%.<\/p>\n\n\n\n<p class=\"has-medium-font-size\">Jassy also credited the development of Amazon&#8217;s Trainium 2artificial intelligence chip for the positive earnings report.<\/p>\n\n\n\n<p class=\"has-medium-font-size\">The AI chip now is a multi-billion-dollar enterprise with revenues that grew by 150% from a year ago and has enabled Amazon to create its Project Rainier AI cluster that is powered by 500,000 Trainium 2 chips.<\/p>\n\n\n\n<p class=\"has-medium-font-size\">Prior to Thursday&#8217;s quarterly earnings report announcement, Amazon&#8217;s share price had declined by $7.44 and 3.23% at $222.86 at 4 p.m. EDT.<\/p>\n\n\n\n<p class=\"has-medium-font-size\">The upbeat earnings report triggered a rapid rise to $247.48 per share within five minutes and topped out at $255 before tailing off slightly to $251.30 shortly before 7 p.m.<\/p>\n\n\n\n<p class=\"has-medium-font-size\"><a href=\"https:\/\/www.upi.com\/Top_News\/US\/2025\/10\/30\/amazon-earnings\/3141761867153\/\">upi<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oct. 30 (UPI) &#8212;&nbsp;Amazon&nbsp;reported third-quarter earnings that exceeded expectations, which prompted a 13% rise in its share value during after-hours trading on Thursday. The Seattle-based tech firm credited its cloud-based services for exceeding third-quarter estimates. &#8220;You&#8217;re going to see us continue to be very aggressive in investing in capacity because we see the demand,&#8221; Amazon [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":49261,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1155],"tags":[3891,35129,24800],"class_list":["post-49260","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-amazon","tag-earnings-report","tag-stock"],"_links":{"self":[{"href":"https:\/\/ustower.net\/index.php?rest_route=\/wp\/v2\/posts\/49260","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ustower.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ustower.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ustower.net\/index.php?rest_route=\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/ustower.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=49260"}],"version-history":[{"count":1,"href":"https:\/\/ustower.net\/index.php?rest_route=\/wp\/v2\/posts\/49260\/revisions"}],"predecessor-version":[{"id":49262,"href":"https:\/\/ustower.net\/index.php?rest_route=\/wp\/v2\/posts\/49260\/revisions\/49262"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ustower.net\/index.php?rest_route=\/wp\/v2\/media\/49261"}],"wp:attachment":[{"href":"https:\/\/ustower.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=49260"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ustower.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=49260"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ustower.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=49260"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}