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

Reuters | Updated: 30-10-2020 10:29 IST | Created: 30-10-2020 01:35 IST
Amazon third-quarter net sales beat estimates as more people shop online
Representative image Image Credit: ANI

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.


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