Amazon Outperforms Expectations During Q3, Driving Stock Higher

The recent gains in profits over the past few quarters comes as a surprise, as the the online retail giant was previously known for sacrificing profits for long-term gains. Its sales increase accelerated across both the U.S. and international region during Q3. This was fueled by strong growth in the electronics and other general merchandise category and in the Amazon Prime program. Moreover, its AWS segment reported better-than-expected top-line and bottom-line growth during the quarter. Owing t...