NEW YORK (TheStreet) -- Amazon.com (AMZN) - Get Report stock is gaining 9.59% to $618.01 in after-hours trading on Thursday after the company reported better than expected financial results for the 2015 third quarter.
The company reported earnings of 17 cents per diluted share on $25.36 billion in revenue for the three months ended September 30.
Analysts had estimated a loss of 13 cents per share on revenue of $24.91 billion for the quarter.
North America sales increased 28% to $15 billion, with electronic and other merchandise sales gaining 35% and media sales rising 8%.
International sales grew 7% to $8.27 billion, as a 14% boost in electronic sales offset an 8% drop in media sales due to unfavorable currency exchange rates.
Excluding the effect of foreign exchange rates, international sales jumped 24%.
Additionally, the ecommerce company expect sales in the fourth quarter, which coincide with the holiday season, to be between $33.50 billion and $36.75 billion, representing a 14% to 25% year-over-year growth.
Separately, TheStreet Ratings team rates AMAZON.COM INC as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:
We rate AMAZON.COM INC (AMZN) a HOLD. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its increase in net income, robust revenue growth and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we find that the company's return on equity has been disappointing.
You can view the full analysis from the report here: AMZN