Amazon profits and revenues exceed expectations off the back of strong retail performance

Amazon driver using VAPR

Source: Amazon

Amazon posted profits and sales ahead of market expectations overnight, driven by a strong retail performance in its third quarter. 

For the three months ending September 30, the retail giant reported a 7% improvement in retail sales and said it expected to enjoy a strong Christmas period, due to its its faster shipping times and a move to stock lower-cost items.

 

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