Tech giant Amazon (AMZN) reported third-quarter earnings that beat analyst estimates this quarter, with operating income increasing more than 300% year-over-...
analyst estimates this quarter, with operating income increasing more than 300% year-over-year. CFRA Analyst Arun Sundaram says that the results show that Amazon is"turning into a highly profitable and free cash flow-generating juggernaut." Pointing to the operating profit, Sundaram says"the best part is, that there's still a lot more efficiencies left to be unlocked for Amazon over the next, I would say, 3 to 5 years.
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