Oct. 30 (UPI) -- Amazon reported third-quarter earnings that exceeded expectations, which prompted a 13% rise in its share value during after-hours trading on Thursday.
The Seattle-based tech firm credited its cloud-based services for exceeding third-quarter estimates.
"You're going to see us continue to be very aggressive in investing in capacity because we see the demand," Amazon Chief Executive Officer Andy Jassy told analysts on Thursday, as reported by Yahoo! Finance.
Amazon reported $180.17 billion in revenues, which is more than $3 billion higher than analysts' estimates of $177.8 billion, CNBC reported.
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