Amazon third-quarter net sales beat estimates as more people shop online

Amazon.com Inc's third-quarter revenue beat Wall Street estimates on Thursday, as the COVID-19 pandemic pushed more people to shop online for groceries and other essential items on its platform.

Net sales rose to $96.15 billion in the third quarter ended Sept. 30 from $69.98 billion a year earlier, beating estimates of $92.70 billion, according to IBES data from Refinitiv.