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Amazon Stock Surges as AWS Growth Powers Results
Amazon shares rose Friday after investors cheered its latest quarterly update.Credit: Marcin Golba / NurPhoto via Getty ImagesKey TakeawaysAmazon shares surged after the company reported earnings far above analyst expectations.Amazon Web Services revenue grew 37% to $42.2 billion, exceeding forecasts by nearly $2 billion.Amazon stock is soaring after the tech giant handily topped estimates in its latest earnings last night.Amazon (AMZN) shares were up more than 13% in morning trading after the company said it earned $5.75 per share, well above the $1.99 analyst consensus thanks to a boost…
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