04:49 PM EDT, 10/31/2024 (MT Newswires) -- Amazon ( AMZN ) late Thursday reported third-quarter results that surpassed Wall Street's estimates as the e-commerce giant logged double-digit revenue gains for its cloud-computing platform and advertising business.

Per-share earnings jumped to $1.43 for the quarter through Sept. 30 from $0.94 a year earlier, topping the Capital IQ-polled GAAP consensus of $1.14. Sales increased 11% year-over-year to $158.88 billion, higher than the Street's $157.28 billion view.

Amazon's ( AMZN ) shares were up 4.3% in after-hours trading.

Sales at the Amazon Web Services cloud computing division rose 19% annually to $27.45 billion, while advertising services revenue advanced by a similar percentage to $14.33 billion.

North American sales climbed 9% to $95.54 billion, while international operations gained 12% to $35.89 billion. Consolidated operating income increased to $17.41 billion in the third quarter from $11.19 billion a year earlier.

The company expects fourth-quarter sales of $181.5 billion to $188.5 billion, reflecting annual growth between 7% and 11%. Analysts polled by Capital IQ are looking for $186.26 billion.

Amazon ( AMZN ) projected operating income between $16 billion and $20 billion in the current quarter, compared with $13.2 billion in the year-ago period.

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