Amazon earnings: Beats estimates on sales, but misses target for cloud

Amazon (AMZN) reported its third quarter earnings on Thursday, beating estimates on net sales and EPS, but missing on its cloud revenue.Amazon shares climbed by about 5% in after-hours trading.It's been a week of mixed cloud results. On Tuesday, Microsoft (MSFT) reported better-than-anticipated growth in its Azure cloud business, while Alphabet's (GOOG, GOOGL) cloud growth numbers disappointed.Amazon Web Services, the company's cloud business, missed slightly on analysts' net sales expectations, coming in at $23.06 billion, against the $23.13 billion Wall Street expected.AWS growth has been under a microscope this year; it's a subject that's been "getting the most airtime with investors," JPMorgan's Doug Anmuth wrote before earnings.The earnings rundownHere are the key numbers that Amazon reported, as compared to analysts' estimates compiled by Bloomberg:Net sales: $143.08 billion actual, versus $141.56 billion expectedAWS net sales: $23.06 billion actual, versus $23.13 billion expectedEarnings per share: $0.94 actual, versus $0.58 expectedOperating margin: 7.8% actual, versus 5.46% expectedQ4 net sales: $160-167 billion actual, versus $166.57 billion expectedCurrently, analyst recommendations for Amazon come out to 63 Buys, two Holds, and zero Sells.This is breaking news, check back for updates.Allie Garfinkle is a Senior Tech Reporter at Yahoo Finance. Follow her on X, formerly Twitter, at @agarfinks and on LinkedIn..Follow Yahoo Finance on Twitter, Facebook, Instagram, LinkedIn, and YouTube.