Amazon reported better-than-expected third-quarter results after the closing bell Thursday. While concerns over the performance of the Amazon Web Services cloud unit wiped out initial stock gains, those concerns were quickly put to bed as the post-earnings conference call got underway and shares pushed higher again. Revenue for the three months ended Sept. 30 increased 13% year-over-year to $143.1 billion, beating expectations for $141.
mountain Amazon YTD Aside from that, we would call out the immense operating leverage management is regaining thanks to cost cuts. On a 13% annual increase in sales, we got a monster 340% increase in operating income versus the year-ago period as operating expenses only increased by 6% year over year. That resulted in a greater than 580-basis-point expansion in Amazon's operating margin.
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