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Amazon reported booming cloud revenue but otherwise missed expectations

Amazon reported its third-quarter earnings on Thursday and missed analysts’ expectations for both its total revenue and earnings per share.

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Amazon reported its third-quarter earnings on Thursday and missed analysts’ expectations for both its total revenue and earnings per share. There were other murky numbers in the report that scared investors, too, including how much cash the company is burning through. But the report did have a big, bright spot: its cloud unit, Amazon Web Services, beat revenue expectations and grew a whopping 39% compared to the year-ago quarter.

Read original at TechCrunch

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