'The global leader in cloud computing:' Here's what Wall Street is saying about Amazon's impressive quarter
The ecommerce behemoth posted earnings of $3.75 share, beating the expected $1.83 by a wide margin. Revenue of $60.5 billion topped the $59.85 billion that Wall Street was anticipating. Amazon Web Services posted sales of $5.1 billion, up 44.6% year-over-year.
Amazon's impressive report has Wall Street analysts excited. They see AWS as a key driver of the company's future growth while there seems to be minimal concern about the tech giant's advertising and ecommerce businesses.
Here's what the analysts on Wall Street are saying:
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