Amazon’s bold cloud forecast isn’t enough to stave off a stock drop

Amazon reported third-quarter earnings on October 30, 2024, with Amazon Web Services revenue growth of 19 percent and advertising revenue growth of 19 percent year-over-year. The company's stock price declined following the earnings announcement. Amazon Web Services accounted for approximately 17 percent of total revenue while advertising represented a smaller portion of overall sales.

• MarketWatch — Amazon’s bold cloud forecast isn’t enough to stave off a stock drop

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