Amazon makes big progress on profits, and its stock heads higher

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Amazon.com Inc.’s stock ended Thursday’s choppy after-hours trading about 5% higher as the technology’s profit progress appeared to overshadow a slight miss on quarterly cloud sales and a soft fourth-quarter outlook.

The seesawing stock movement initially started after Amazon AMZN released results showing that third-quarter revenue swelled 13% to $143.1 billion from $127.1 billion in the same quarter last year. That exceeded the FactSet consensus of $141.5 billion.

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