Amazon's 3Q results miss analysts' estimates, but posts solid sales gains in cloud computing unit

NEW YORK (AP) — Amazon delivered fiscal third-quarter profits and net sales that came below Wall Street analysts' expectations but posted strong growth in its prominent cloud computing unit. The Seattle-based company also offered on Thursday a cautious outlook for the company's fiscal fourth-quarter period. Amazon said sales in its cloud computing unit called AWS rose 39.3% during the latest quarter ended Sept. 30, higher than the 37% clip in the previous quarter. It marked the fastest growth rate in nearly five years, the company said. Shares were down more than 6% in after-market trading when the results were released as investors focused on the core business. Amazon reported net income of $20.69 billion, or $1.