'The Breakout the Stock Needed': Analyst Cheers Amazon's AWS Surge
Amazon stock jumped 12% in premarket after Q2 revenue beat estimates at $200.6B and EPS reached $5.75 on strong AWS cloud growth.
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Why It Matters
Amazon made more money than people expected, especially from its cloud computer business (AWS). When a big company does better than expected, it can show the business is growing strong.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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