Amazon Reports Net Sales Up 29 Percent in the Third Quarter

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Last Thursday, Amazon [NASDAQ: AMZN] reported net sales of $56.6 billion, a 29 percent increase year-over-year, in the third quarter for the period ended September 30, 2018. For the same period last year, Amazon reported $43.7 billion. The company reported net income of $2.9 billion for the third quarter, or $5.75 per diluted share, compared to $256 million, or $0.52 per diluted share, for the third quarter of 2017.

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