Amazon Posts Strong Revenue, Profit on Web Sales, Cost Cuts

Amazon Posts Strong Revenue, Profit on Web Sales, Cost Cuts

(Bloomberg) -- Amazon.com Inc. reported revenue and profit that topped analysts’ estimates, buoyed by rising sales in its retail unit and significant cost cutting.Most Read from BloombergTech Giants Signal Rebound as Amazon, Intel Rally: Markets WrapControversial Chip in Huawei Phone Produced on ASML MachineUS Economy Grew at a 4.9% Pace Last Quarter, Fastest Since 2021Israel Latest: Israel Says Key Planner of Oct. 7 Attacks KilledWhat Happened Inside Morgan Stanley After Ted Pick Was Named CEOW

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