Amazon 3Q sales top Wall Street expectations


NEW YORK: Amazon.com Inc posted a narrower quarterly loss and better-than-expected sales on Thursday as the company expanded aggressively at home and made inroads into overseas markets, sending its shares up nearly 8 percent in after-hours trade.

Its top-line performance underscored the company's strong momentum as the world's largest Internet retailer prepares to do battle during a crucial U.S. holiday season, which some experts say could be the slowest in years.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Vibrant semiconductor industry fortifies Malaysia's role as reliable regional partner - PM
Capital markets key to boosting SME financing, promoting innovation
SC aims to grow MSME, MTC capital market fundraising to RM40bil by 2028
Ringgit slips as Fed minutes weigh on demand
Hartalega to see sequential growth as glove demand picks up
SingTel annual profit more than halves on US$2.3bil impairment charge
South Korea extends rate pause, raises growth outlook
FBM KLCI opens lower as Fed minutes signal hawkish mood
Singapore Q1 GDP up 2.7% y/y, above market forecast
Trading ideas: TNB, Lagenda, Apollo, George Kent, Magma, Advancecon, Hong Seng, Pos, TSR, Sunway

Others Also Read