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Amazon, Google, Microsoft and Intel find billions more in profit

MarketWatch photo illustration/Getty Images, Shutterstock

Amazon Chief Executive Jeff Bezos could have a lot more cash to throw around after a big beat on profit in the third quarter.

Technology companies have been dominating the news and investors’ attention, and a series of earnings reports Thursday afternoon showed why. Four of the most valuable tech companies in the world—Amazon.com Inc.AMZN, +7.31%  , Google parent company Alphabet Inc. GOOGL, +2.93%GOOG, -0.08% , Microsoft Corp. MSFT, +4.18% and Intel Corp. INTC, +1.40% — destroyed expectations for profit and revenue in third-quarter reports Thursday afternoon, collectively bringing in about $2.2 billion more profit and $19 billion more revenue than in the same quarter a year ago. Stock in those four companies jumped across the board in late trading, which would make them worth even more than the combined market cap of nearly $2 trillion they enjoyed at the end of Thursday’s trading session.
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