Amazon reported mixed third-quarter results, with revenue of $201.9 billion** versus expectations of **$202.26 billion, and earnings per share of $1.89**, missing the estimated **$1.97.
Despite the revenue and earnings miss, the company's cloud computing unit AWS beat expectations, offering some relief amid softer results elsewhere.
The results underscore continued pressure on Big Tech, with investors closely watching how AI and cloud services contribute to profit growth, alongside heavy capital spending on infrastructure.
Analysts note that AWS remains a key pillar of market confidence in Amazon, but broader growth will require improvement in e-commerce and advertising in the final quarter of the year.