Amazon.com Inc. (NASDAQ:AMZN) late Thursday posted strong third-quarter results, with net revenue of $96.1 billion exceeding the high end of its estimates, and net income of $12.37 a share exceeding analysts’ median estimates by more than $5 a share.
The Seattle-based giant also said that transportation costs accounted for more than half of its $30 billion in capital expenditures for the first nine months. Brian Olsavsky, Amazon’s CFO, said transportation network investments will consume at...