Amazon shares recovered some ground after opening nearly 5% lower, and were down nearly 2% by Friday afternoon. Third-quarter revenue reached US$201.9 billion, close to the US$202.3 billion consensus, while operating income of US$28.1 billion beat the US$26.1 billion expectation. AWS revenue growth accelerated 2 percentage points to 39%, but fell short of the 42–43% some investors had anticipated, and AWS backlog rose US$82 billion to US$578 billion. UBS raised its price target to US$352 from US$348 and kept its Buy rating, while Bank of America trimmed its price objective to US$317 from US$320. Fourth-quarter revenue guidance is US$240–247 billion, with operating income guidance of US$28.5–33.5 billion.
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Related tickers and likely impact
AMZN
• NeutralAmazon
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Consumer Discretionary |
| Industry | Broadline Retail |
| Market cap | $2.7T |
| Close on 10/29/2026 | 244.23 |
| Change that session | -4.07% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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