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Why Amazon Surged 11.5% in November

TheMotleyFool

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Shares of Amazon (NASDAQ: AMZN) rallied 11.5% in November, according to data from S&P Global Market Intelligence.

Amazon's strong performance came on the heels of its third-quarter earnings report, which was delivered the evening of Oct. 31, setting up an exciting month that contained more product and partnership announcements.

In the third quarter, Amazon grew revenue 11% to $158.9 billion, with earnings per share of $1.43. Both figures beat analyst expectations. Management also guided for between 7% and 11% growth for the fourth quarter with an eye-opening 36% rise in operating income, projecting more margin improvements that have propelled the stock all year.

Source Fool.com

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