Amazon beats quarterly revenue estimates

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(Reuters) – Amazon.com topped Wall Street estimates for quarterly revenue on Thursday, as strong sales over the holiday shopping season boosted its retail business, helping offset weakness in the cloud computing unit.

The company reported revenue of $187.8 billion in the fourth quarter, compared with the average analyst estimate of $187.30 billion, according to data compiled by LSEG.

(Reporting by Deborah Sophia in Bengaluru; Editing by Shounak Dasgupta)

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