{"id":16421,"date":"2024-10-31T20:40:09","date_gmt":"2024-10-31T19:40:09","guid":{"rendered":"http:\/\/costops.com\/index.php\/2024\/10\/31\/amazon-beats-wall-street-expectations-with-strong-cloud-business-growth\/"},"modified":"2024-10-31T20:40:09","modified_gmt":"2024-10-31T19:40:09","slug":"amazon-beats-wall-street-expectations-with-strong-cloud-business-growth","status":"publish","type":"post","link":"http:\/\/costops.com\/index.php\/2024\/10\/31\/amazon-beats-wall-street-expectations-with-strong-cloud-business-growth\/","title":{"rendered":"Amazon beats Wall Street expectations with strong cloud business growth"},"content":{"rendered":"<p>Shares rise as company reports quarterly revenue of $158.9bn \u2013 more than analysts had forecast<\/p>\n<p>Amazon became the latest of the \u201cMagnificent Seven\u201d tech giants to report quarterly earnings on Thursday, with all eyes once again on cloud computing and any sign of a return on vast AI investments. Shares in the e-commerce giant rose in after-hours trading.<\/p>\n<p>The company reported revenue of $158.9bn against analyst expectations of $157.2bn, and earnings per share of $1.43, compared to $1.16 expected by Bloomberg analysts.<\/p>\n<p> <a href=\"https:\/\/www.theguardian.com\/technology\/2024\/oct\/31\/amazon-quarterly-earnings\">Continue reading&#8230;<\/a><br \/>\n<img src=\"https:\/\/i.guim.co.uk\/img\/media\/4eaf4f9082190df044de6011c7b2b2e7955f486d\/0_385_5760_3455\/master\/5760.jpg?width=140&amp;quality=85&amp;auto=format&amp;fit=max&amp;s=5e90e6910241ff038314eb36134653db\" title=\"Amazon beats Wall Street expectations with strong cloud business growth\" \/>Shares rise as company reports quarterly revenue of $158.9bn \u2013 more than analysts had forecast<br \/>\nAmazon became the latest of the \u201cMagnificent Seven\u201d tech giants to report quarterly earnings on Thursday, with all eyes once again on cloud computing and any sign of a return on vast AI investments. Shares in the e-commerce giant rose in after-hours trading.<br \/>\nThe company reported revenue of $158.9bn against analyst expectations of $157.2bn, and earnings per share of $1.43, compared to $1.16 expected by Bloomberg analysts. Continue reading&#8230;Technology | The Guardian<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares rise as company reports quarterly revenue of $158.9bn \u2013 more than analysts had forecast Amazon became the latest of the \u201cMagnificent Seven\u201d tech giants to report quarterly earnings on Thursday, with all eyes once again on cloud computing and any sign of a return on vast AI investments. Shares in the e-commerce giant rose &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"http:\/\/costops.com\/index.php\/2024\/10\/31\/amazon-beats-wall-street-expectations-with-strong-cloud-business-growth\/\"> <span class=\"screen-reader-text\">Amazon beats Wall Street expectations with strong cloud business growth<\/span> Read More &raquo;<\/a><\/p>\n","protected":false},"author":0,"featured_media":16422,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/16421"}],"collection":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/comments?post=16421"}],"version-history":[{"count":0,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/16421\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media\/16422"}],"wp:attachment":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media?parent=16421"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/categories?post=16421"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/tags?post=16421"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}